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The AIG Complex
Definitions:
1. The principle of giving senior management, executives and board members excessive compensations and bonuses even when they have proven themselves to be incompetent in performing their jobs.
2. The planning of extravagant incentive retreats for incompetent management and executives.
3. A state of economic denial whereby an entity believes that the cause of its fiscal failure is not due to the actions and/or lack of actions by its senior management in ensuring that the investment practices of the institution are based on sound economic practice.
Origins:
The origin of the AIG Complex is debatable. However it is factual to state that the American Insurance Group (AIG) did not invent the complex. The AIG Complex is a direct result of the systematic deregulation of the financial markets that started during the Reagan era.
1. The principle of giving senior management, executives and board members excessive compensations and bonuses even when they have proven themselves to be incompetent in performing their jobs.
2. The planning of extravagant incentive retreats for incompetent management and executives.
3. A state of economic denial whereby an entity believes that the cause of its fiscal failure is not due to the actions and/or lack of actions by its senior management in ensuring that the investment practices of the institution are based on sound economic practice.
Origins:
The origin of the AIG Complex is debatable. However it is factual to state that the American Insurance Group (AIG) did not invent the complex. The AIG Complex is a direct result of the systematic deregulation of the financial markets that started during the Reagan era.
etharmon |
Latest page update: made by etharmon
, Dec 2 2008, 2:59 AM EST
(about this update
About This Update
Moved from: The Bailout, The Economy and The People.
- etharmon
No content added or deleted. - complete history) |
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Keyword tags:
AIG
Executive Compensation
More Info: links to this page
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| Started By | Thread Subject | Replies | Last Post | ||
|---|---|---|---|---|---|
| etharmon | Opinion: Which Company Model Would You Like To See More Of? | 0 | Nov 22 2008, 10:56 AM EST by etharmon | ||
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Thread started: Nov 22 2008, 10:56 AM EST
Watch
Clearly, the AGI Model does NOT work.
I am a big fan of John Macky. His stocks are suffering right now; however, the circumstances surrounding Whole Foods Stock loss is a direct result of a merger tied up in court, the economic crash, and low consumer confidance. What do you think? What other company models do you admire? |
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