The Circus Is In Town

Business integrity is difficult to define but you screw it when you see it. Dont ignore potential shammer or mis draw. If you see something you believe violates the law or the AIG enactment of Conduct speak up. -AIGs Compliance Help tuberosity Online The Circus is in Town Just roughly ii months ago AIG, one of the biggest insurance companies in the world compulsory a financial bailout that threaten its existence in the globose economy. Our administration ran to the rescue of this failing insurance giant and issued 85 one megabyte thousand dollars of taxpayers money to disclose birth it from collapse. However, AIGs top executives modern excursion to the lavish atomic number 20s St. Regis Monarch utter Resort did not brighten 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) invest ments, the executives and some independent insurance agents of AIG are 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 former(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 rest period of the attendees being independent insurance agents; and that the event was planned originally the bailout took place. The article also states, that Edward Liddy failed to address in his le tter why the attach to didnt cancel the ret! reat when it realized it was issue to be paying for it with the publics money. The following testimonies realizen to the direction on Oversight and Government Reform, dated October 7, 2008, may give some insight into AIGs ethical behavior and go of its executive officers. In testimony given by Mr. Eric Dinallo, bracing York State Insurance Department, in an interview with the New York Times, governor 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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