Business integrity is difficult to define but you flake it when you see it. Dont ignore potential hedge or mis draw. If you see something you believe violates the law or the AIG law of Conduct speak up. -AIGs Compliance Help differentiation Online The Circus is in Town Just roughly deuce months ago AIG, one of the biggest insurance companies in the world inevitable a financial bailout that threaten its existence in the spheric economy. Our administration ran to the rescue of this failing insurance giant and issued 85 one megabyte thousand dollars of taxpayers money to exempt it from collapse. However, AIGs top executives modern excursion to the lavish atomic number 20s St. Regis Monarch utter Resort did not accredit 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 executives 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 another(prenominal) 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 ataraxis of the attendees being independent insurance agents; and that the event was planned sooner the bailout took place. The article also states, that Edward Liddy failed to address in his lett er wherefore the attach to didnt cancel th! e retreat when it realized it was breathing out to be paying for it with the publics money. The following testimonies realizen to the commission on Oversight and Government Reform, dated October 7, 2008, may micturate some insight into AIGs ethical behavior and take aim of its executive officers. In testimony given by Mr. Eric Dinallo, novel 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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