Tom Scocca · 09/24/13 09:33AM

The CEO of economy-wrecking greed-disaster AIG compares criticism of the bonuses collected by his bailed-out derivatives jockeys to "hangman nooses....what we did in the Deep South. And I think it was just as bad and just as wrong." Lynchings and criticizing bankers: equally wrong.

It's All Just a PR Calculation for A.I.G.

Hamilton Nolan · 01/08/13 01:50PM

A.I.G., the backbone that runs one inch beneath the surface of the global economy, has gotten itself millions of dollars worth of free PR today by just considering joining a lawsuit against the U.S. government. To sue, or not to sue? To be ungrateful bastards, or to potentially miss a payday? It's not a complicated question, really.

The Wall Street Lawyer-Turned-Psychotherapist

cityfile · 02/11/10 02:28PM

Harvard grad Will Meyerhofer used to be a lawyer at Sullivan & Cromwell, the white shoe firm that represents the likes of AIG and Goldman Sachs. After doing his "part in destroying the nation's economy," he had a change of heart, went back to school, and became a psychotherapist. Now sees clients on a sliding scale, ranging from $10/hour for people who couldn't otherwise afford therapy to $200/hour for his former colleagues, who, we imagine, have a lot to get off their chests considering how much work they continue to do for both AIG and Goldman. [Above the Law]

AIG Employees Understand the Meaning of Sacrifice

cityfile · 02/03/10 09:05AM

Let's all take a moment to thank our friends at AIG. In the spirit of generosity, employees at the ruined insurance giant have agreed to a $20 million reduction in the $195 million in bonus payments they were previously promised. They didn't have to do it. But they did. To make you happy. Can't we all get along now? [WSJ]

Geithner Gets Grilled

cityfile · 01/27/10 02:54PM

Treasury Secretary Tim Geithner got the pounding he was most certainly expecting when he headed to Capitol Hill today to answer questions about the bailout of AIG. If you missed it because you spent the entire afternoon discussing that new unfortunately-named oversized iPhone that Apple introduced today, you can watch one of the more heated exchanges after the jump.

Everybody Is Yelling at Tim Geithner

John Cook · 01/27/10 02:30PM

Treasury Secretary Timothy Geithner is on Capitol Hill today, facing a barrage of camera-friendly and self-righteous (and justified!) bipartisan posturing from members of the House Committee on Oversight and Government Reform over the AIG bailout. It's been testy.

AIG Hasn't Learned a Thing

cityfile · 01/25/10 11:42AM

After everything that's happened over the past year and half, you'd think it would be obvious to AIG and its CEO Robert Benmosche that the company probably shouldn't be using its five (yes, five) corporate jets to ferry AIG execs off on vacation. You'd be wrong. Fortunately, Benmosche and government regulators have now settled on a "Luxury Expenditure Policy," so when Benmosche diverts one of AIG's planes to stop off at his vacation home in Croatia in the future, he'll have to reimburse the company for the flight. [WSJ, Reuters]

AIG Fight Backs

cityfile · 12/07/09 11:07AM

Remember those protests outside AIG last fall? Those angry hearings in Washington? The bus trips to visit the suburban homes of AIG executives. The populist anger has subsided a good deal since then (even if the bill to bail out the firm has gone up), which is probably why five AIG executives are now threatening to quit the company if their pay is cut by Washington. [WSJ]

Bailed Out AIG Execs: We Want More Money

Ravi Somaiya · 12/07/09 07:32AM

Five AIG executives don't care that the government had to bail their company out because they were utterly inept. They want their full 'compensation' or they'll quit.

AIG Is Making Money Again

John Cook · 08/07/09 11:22AM

Is that good or bad? We just don't know anymore in this topsy-turvy world of bailouts and bonuses and government ownership of corporate monsters. But whatever—AIG pulled in a cool $1.8 billion last quarter.