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AIG offices under heavy guard

Discussion in 'Financial Cents' started by Tango3, Mar 17, 2009.

  1. Tango3

    Tango3 Aimless wanderer

    Offices are patrolled by armed guards,threatening e-mail and snail-mails are pouring in. Senior managers are quitting over death threats:[dunno][beat][beat]

    <table class="contentpaneopen"><tbody><tr><td class="contentheading" width="100%">AIG Offices patrolled by Armed Guards </td> <td class="buttonheading" width="100%" align="right"> [​IMG] </td> <td class="buttonheading" width="100%" align="right"> [​IMG] </td> <td class="buttonheading" width="100%" align="right"> [​IMG] </td> </tr> </tbody></table>
    <table align="left" border="0"><tbody><tr><td> <script type="text/javascript"><!-- google_ad_client = "pub-0909510381367095"; /* 300x250, created 4/13/08 */ google_ad_slot = "1688911561"; google_ad_width = 300; google_ad_height = 250; //--> </script> <script src="http://pagead2.googlesyndication.com/pagead/show_ads.js" type="text/javascript" mce_src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script>
    </td></tr> </tbody></table>A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

    "It's a mob effect," one senior executive said. "It's putting people's lives in danger."

    Politicians and the public spent yesterday demanding that AIG rescind payouts that they said rewarded recklessness and greed at a company being bailed out with $170 billion in taxpayer funds. But company officials contend that the uproar is scaring away the very employees who understand AIG Financial Products' complex trades and who are trying to dismantle the division before it further endangers the world's economy.

    "It's going to blow up," said a senior Financial Products manager, who spoke on condition of anonymity because he was not authorized to speak for the company. "I have a horrible, horrible, horrible feeling that this is going to end badly."
  2. 8PW

    8PW Silent but Deadly

    "I have a horrible, horrible, horrible feeling that this is going to end badly."

    About ****ing time!!
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