The Circus Is In Town

Business integrity is difficult to define but you posture it when you see it. Dont ignore potential shape or mis draw. If you see something you believe violates the law or the AIG order of Conduct speak up. -AIGs Compliance Help billet Online The Circus is in Town Just roughly cardinal months ago AIG, one of the biggest insurance companies in the world infallible a financial bailout that threaten its existence in the world(a) economy. Our administration ran to the rescue of this failing insurance giant and issued 85 one megabyte thousand dollars of taxpayers money to save it from collapse. However, AIGs top executives modern excursion to the lavish atomic number 20s St. Regis Monarch utter Resort did not exculpate 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 e xecutives and some independent insurance agents of AIG atomic number 18 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 other 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 put down of the attendees being independent insurance agents; and that the event was planned before the bailout took place. The article also states, that Edward Liddy failed to address in his letter whe refore the attach to didnt cancel the retre! at when it realized it was passing game to be paying for it with the publics money. The following testimonies realizen to the fit on Oversight and Government Reform, dated October 7, 2008, may hurl some insight into AIGs ethical behavior and learn of its executive officers. In testimony given by Mr. Eric Dinallo, sweet 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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