meet the diverse needs of its clients. American International Group‚ Inc. (AIG) is an international insurance company‚ serving customers in more than 130 countries. AIG companies serve commercial‚ institutional and individual customers through property-casualty networks of any insurer. In addition‚ AIG companies are providers of life insurance and retirement services in the United States. AIG’s segments include Charities‚ Sun America Financial Group (Sun America)‚ Aircraft Leasing and Other Operations
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BAILOUT AIG Bailout Clari McGougan‚ Shawna Wilson‚ Keasha Kessler‚ Lashonda Edwards‚ Dale Ballard‚ and Michael Baltzelle University of Phoenix AIG Bailout The main ethics categories and theories involved in the American International Group (AIG) bailout are duty based ethics which has its pros and cons‚ and the theory is deontological which puts the rightness of an action before good. The pros of duty based ethics are equal rights are important to every person‚ and duty based
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AIG Bailout & Stakeholder Analysis In September 2008‚ the American International Group‚ AIG‚ the largest insurance company in the United States‚ suffered from the bad debts incurred insuring mortgage-backed securities. As a result‚ within a matter of three months‚ AIG reported a startling quarterly loss of $61.7 billion‚ largest in the U.S corporate history. Instead of watching this global insurance giant fall on its keens‚ the U.S. government has decided to lend a helping hand by bailing
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| FINANCIAL ANALYSIS AND MANAGEMENT OF INTERNATIONAL GROUPS | Coursework | ACADEMIC YEAR 2010-2011 | | | | COMPANY PRESENTATION: AVNET Business Avnet‚ Inc.‚ incorporated in New York in 1955‚ together with its consolidated subsidiaries‚ is one of the world’s largest industrial distributors‚ based on sales‚ of electronic components‚ enterprise computer and storage products and embedded subsystems. Avnet creates a vital link in the technology supply chain that connects more
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READING CAP 3 A) What area of business do you think the company American International Group (AIG) is envolved in’ a) Tobacco b) Insurance c) Oil d) Packaging B) What dot he following people mentioned in the article: Maurice Greenberg: Chairman Corneluis Vander: founder Edmund Tse: Runs Asian operations C) What do the following numbers in the main fthe article refers to? 166. - capitalisation 1992- Graduate licence 1919- Year of foundation in shangai 80‚000- #
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years‚ a Life Coverage Operation was shaped. By the late 1920s‚ AAU had branches all through China and Southeast Asia‚ including the Philippines‚ Indonesia‚ and Malaysia. In 1926‚ Mr. Starr opened his first office in the United States‚ American International Underwriters Corporation (AIU). In 1939‚ Mr. Starr moved his central station from Shanghai‚ China‚ to New York City. The company went public in 1969. In the 1980s‚ AIG kept extending its market dissemination and overall system by offering an extensive
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American International Group and the Bonus Fiasco On September 16‚ 2008 AIG suffered a liquidity crisis following the downgrade of its credit rating. In response‚ the federal government allotted AIG 85 billion in a bailout to keep the firm afloat in exchange for an equity stake in the company. In a very controversial move‚ AIG paid out more than 500 million in salaries and bonuses to senior employees after accepting the federal assistance money. This outraged the public‚ and in turn politicians
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Coping with Financial and Ethical Risks at American International Group (AIG) 1. Discuss the role that AIG’s corporate culture played in its downfall. The corporate ethical culture at AIG was far from a good one. The corporate culture focused on high risk taking schemes that were only there to focus mostly on short-term financial gain. The AIG Financial Products unit specialized in derivatives and other complex financial contracts that were tied to subprime mortgages or commodities. While its
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Lakshmi Mittal and the Growth of Mittal Steel with the right margin and 1/2" from the top. It’s highly advisable that you type your last name just before the page number Case study: Lakshmi Mittal and the Growth of Mittal Steel Mittal Steel began in the early 1970’s as a small‚ family owned company‚ based in India. However‚ due to a range of restrictive government regulations and tough competitiveness from SAIL (a state-owned firm) and Tata Steel (a large privately owned firm)‚ Mittal Steel
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Collette Dinnigan Collette Dinnigan was born in South Africa in 1966 and brought up in New Zealand. At age nineteen she graduated from the WellingtonPolytechnicCollege where she majored in fashion design. From here she moved to Sydney and began working for the Australian Broadcasting Commission (ABC) in the costume department. She worked on many films and television series and was praised for her attention to detail and the historical flavour she brought to costume design and fabrication. Her
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