Monthly Archives: October 2008

A.I.G.: Code red governance disgrace

See what happens when a board of directors doesn’t do their job? According to today’s New York Times, New York Attorney General Andrew Cuomo will now review pay packages and expenditures. That’s normally a board working alongside management responsibility. See the story if you haven’t already, http://www.nytimes.com/2008/10/17/business/17aig.html?ref=business American International Group (A.I.G.) is now officially a… Read more »

Invisible Governance

Go ahead potential Flubbers in Chief. Whale away at “greedy CEOs” and Wall Street corruption. Congress, parade the villains in front of committees so the public can feel better. Or is it you, Congress, who needs to feel better? We can’t tell anymore, nor do we care. The outrage surrounding the financial crisis isn’t about… Read more »