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Soon afterwards, AIG came under market pressure, and admitted it had undertaken what could be construed as securities fraud. The staff admitted that the two reinsurance transactions had inflated AIG’s balance sheet and propped up AIG’s stock price. In the resultant stock crash, investors lost $500 million in investments.
Last week, I sat down with Greenberg to discuss AIG's early days, its rise to power, and its 2008 collapse. Below is the full interview (34 minutes -- transcript follows): Morgan Housel: Hi, I'm ...
Commodity price index. A commodity price index is a fixed-weight index or (weighted) average of selected commodity prices, which may be based on spot or futures prices. It is designed to be representative of the broad commodity asset class or a specific subset of commodities, such as energy or metals. It is an index that tracks a basket of ...
Number of employees. 52,000 (2023) Website. AJG.com. Footnotes / references. [1] Arthur J. Gallagher & Co. ( AJG) is an American global insurance brokerage and risk management services firm headquartered in Rolling Meadows, Illinois (a suburb of Chicago ). The firm was established in 1927 and is one of the largest insurance brokers in the world.
American international Group Inc. (NYSE: AIG) cut to Equal Weight and AFLAC Inc. (NYSE: AFL) raised to Outperform at Evercore. ... reiterated Buy and raised price target to $228 from $200 at BofA ...
Political party. Republican. Spouse. Corinne Zuckerman. . ( m. 1950) . Children. 4, including Jeffrey and Evan. Maurice Raymond “Hank” Greenberg (born May 4, 1925) is an American business executive and former chairman and chief executive officer of American International Group (AIG).
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Robert B. "Bob" Willumstad is a former Chairman and CEO of the American International Group (AIG). He was born on August 22, 1945, in Brooklyn and grew up in Elmont on Long Island. His alma mater is Adelphi University. He and his wife Carol reside in New York City, and have two adult daughters and three grandchildren.
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