John Mayer's Real Estate Blog: List of AIG Executives

List of AIG Executives

Here is a list of A I G executives that condoned, overlooked or planned the screw-ups that are now costing the US tax payers BILLIONS of dollars. The list includes 1 CEO, 2 Vice Chairs, 8 Executive Vice Presidents & 5 Senior Vice Presidents.


1)CEO: Martin Sullivan

2)Senior Vice President Life Insurance: Edmund Tse

3)Vice Chair, Global Economic Strategies: Jacob Frankel

4)Vice Chair, External Affairs: Frank Wisner

5)Executive Vice President & Chief Financial Officer: Steven Bensinger

6)Executive Vice President: General Counsel & Senior Regulatory Officer: Anastasia Kelly

7)Executive Vice President Domestic General Insurance: Kristian Moore

8)Executive Vice President Life Insurance: Rodney Martin Jr

9)Executive Vice President & Chief Investment Officer: Win Neuger

10)Executive Vice President Domestic Personal Lines: Robert Sandler

11)Executive Vice President Foreign General Insurance: Nicholas Walsh

12)Executive Vice President Retirement Services: Jay Wintrob

13)Senior Vice President Financial Services: William Daily

14)Senior Vice President Comptroller: David Herzog

15)Senior Vice President Chief Human Resources: Andrew Kaslow

16)Senior Vice President Chief Risk Officer: Robert Lewis

17)Senior Vice President Strategic Planning: Brian Schreiber


With all these EXECUTIVES with words like President, Senior or Chief in their titles you'd figure someone would have been in control.

State Attorney General Andrew Cuomo has issued subpoenas in an effort to retrieve details from American International Group (AIG) on the hundreds of millions of dollars the insurance giant is set to pay out in bonuses to executives.

He says his office will investigate whether those receiving the payments were involved in the insurance giant's decline and whether the payments are fraudulent under state law.

"I believe in transparency and disclosure. This is taxpayer money, and the taxpayers are providing these funds at a very, very difficult time. And we want transparency and disclosure. We believe the taxpayers have a right to know what's happening with their money," said Cuomo.

Mr. Burns is alive and well in America! Homer Simpson gets to pay the bill once again.

South Park Burns

Comment balloon 9 commentsJohn Mayer • March 17 2009 09:14AM

Comments

Where's the transparency?

Posted by Amanda Wilson, Real Estate Advisor (EWM International Realtors, Inc.) over 11 years ago

There may actually be contractual agreements for those "bonuses".  What if we start suggesting they give the $ to New Orleans rebuild efforts instead of refusing them?  (I think I just found my blog topic for the day.)

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) over 11 years ago

This company needs to be held accountable for the money they're taking.  If they don't want to disclose it that's fine, give back the money you're borrowing from tax payers. 

Posted by Brian Brumpton, Boise Idaho Real Estate (Keller Williams Boise) over 11 years ago

Don't get me started!!!!! I have stopped reading the paper and watching the news. I can't stand it any more...the lies...the deceit...opps..I got started...

Happy Tuesday!!

Lori

Posted by Lori Isaacson (Credit Restoration Consultants) over 11 years ago

You missed, Barney Frank, Chris Dodd and Hussien Obama. Might as well add them to the list. They will scream and holler and then do nothing as usual.

Posted by Terry Miller, Miller Homes Group and Tyler Apartment Locator (Miller Homes Group) over 11 years ago

Thank you all for your comments. As usual, politics is a volitile and divisive topic.

Fed Chairman Ben Bernanke appeared on 60 minutes last Sunday - an almost unprecedented occurence. I liked this analogy.

Scott Pelley: "You know, Mr. Chairman, there are so many people outside this building, across this country, who say, 'To hell with them. They made bad bets. The wages of failure on Wall Street should be failure,'"

"Let me give you an analogy, if I might," Bernanke said. "Suppose you have a neighbor who smokes in bed and he's a risk to everybody. If he sets fire to his house, you might say to yourself, you know, 'I'm not gonna call the fire department. Let his house burn down. It's fine with me.' But then, of course, but what if your house is made of wood? And it's right next door to his house? What if the whole town is made of wood? Well, I think we'd all agree that the right thing to do is put out that fire first, and then say, 'What punishment is appropriate? How should we change the fire code? What needs to be done to make sure this doesn't happen in the future? How can we fire proof our houses?' That's where we are now. We have a fire going on."

Bernanke told Pelley that "fire" is still burning.

Posted by John Mayer, Your Beach Area Expert (Oikos Realty, Cape Canaveral, Cocoa Beach Florida) over 11 years ago

all these guys should have a bulls eye on the back of their heads.. :)

Posted by Konnie Mac McCarthy, Broker/Owner - VA & MD "Time To Get A Move On!" (MacNificent Properties, LLC) over 11 years ago

Even if the 'contractual' argument is made if the company failed they would have walked away empty handed.   It is my understanding that Sen. Dodd screwed up the original verbiage that allowed this interpretation to recieve the bonuses.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Maximum One Executive REALTORS®) over 11 years ago

Thank you Jim. That is the point exactly. If the company failed, these "valuable" employees would have circled the drain and got nothing, which is what they deserve now. The financial system as we know it needs to be re-invented with more checks and balances. Corporate America has been out of control for too long while ethics were pushed aside in the name of greed. The public outcry and backlash is just beginning.

Konnie - A bulls eye would be helpful.

Posted by John Mayer, Your Beach Area Expert (Oikos Realty, Cape Canaveral, Cocoa Beach Florida) over 11 years ago

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