The Circus Is In Town

Business integrity is difficult to define but you period it when you see it. Dont ignore potential fraud or mis draw. If you see something you believe violates the law or the AIG potency of Conduct speak up. -AIGs Compliance Help mark Online The Circus is in Town Just roughly 2 months ago AIG, one of the biggest insurance companies in the world needful a financial bailout that threaten its existence in the spherical economy. Our administration ran to the rescue of this failing insurance giant and issued 85 one megabyte thousand dollars of taxpayers money to free it from collapse. However, AIGs top executives modern excursion to the lavish calciums St. Regis Monarch utter Resort did not make headway the backlash this weekend lam would be perceived by their lenders, the taxpayers. While taxpayers argon losing their homes, their 401K plans and new(prenominal) investments, the executives and som e independent insurance agents of AIG argon having a dear(p) time, at a cost of over four hundred thousand dollars, with no shame or remorse. It can be tell or implied that this unfeeling act along with early(a) improprieties are the cause of this great giant, AIG, downfall.

According to an article by (LaMotta, 2008), the executive retreat only included 10 AIG employees, with the lodge in of the attendees being independent insurance agents; and that the event was planned to begin with the bailout took place. The article also states, that Edward Liddy failed to address in his letter why the attach to didn t cancel the retreat when it realized it was! issue to be paying for it with the publics money. The following testimonies realizen to the committee on Oversight and Government Reform, dated October 7, 2008, may have got some insight into AIGs ethical behavior and life of its executive officers. In testimony given by Mr. Eric Dinallo, unfermented York State Insurance Department, in an interview with the New York Times, regulator Paterson called credit default swaps gambling and...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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