The Circus Is In Town

Business integrity is difficult to define but you blank space it when you see it. Dont ignore potential humbug or mis draw. If you see something you believe violates the law or the AIG mandatary of Conduct speak up. -AIGs Compliance Help notation Online The Circus is in Town Just roughly deuce months ago AIG, one of the biggest insurance companies in the world need a financial bailout that threaten its existence in the world(prenominal) economy. Our administration ran to the rescue of this failing insurance giant and issued 85 one megabyte thousand dollars of taxpayers money to allay it from collapse. However, AIGs top executives modern excursion to the lavish calciums St. Regis Monarch utter Resort did not ready 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 exe cutives and some independent insurance agents of AIG atomic number 18 having a dear(p) time, at a cost of over cd 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 reprieve of the attendees being independent insurance agents; and that the event was planned onward the bailout took place. The article also states, that Edward Liddy failed to address in his letter wherefore t he attach to didnt cancel the retreat when ! it realized it was freeing 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 set up some insight into AIGs ethical behavior and consider of its executive officers. In testimony given by Mr. Eric Dinallo, flip 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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