Dick Fuld’s Unlikely Return
Dick Fuld was never that skilled with the media when he was CEO of Lehman Brothers. Nearly seven years later, he still isn’t.
AIG and the Perils of Advertising
Poor AIG. It was just starting to get its mojo back, launching a new ad campaign to thank taxpayers for rescuing the firm in the darkest days of the financial crisis. Then came the awkward news that it might sue taxpayers for driving too hard a bargain. Now the ad campaign seems dishonest and AIG […]
Hank Greenberg Just Won’t Go Away
We suffering taxpayers were treated to some rare good news this week, when the U.S. Treasury sold the last of its holdings in AIG, earning a cool $23 billion profit. Not bad for a risky corporate turnaround. But there to rain on the parade was Hank Greenberg, the former CEO of the insurance giant, who […]
Win Neuger’s Long Reign and Hasty Exit
Win Neuger was hastily shown the door yesterday, ending his tenure as CEO of PineBridge Investments, the former asset management group at AIG. Neuger joined AIG from Bankers Trust Company in 1995. This news didn’t make many waves, but it’s odd in several ways. Neuger’s last day as CEO was yesterday, the same day the […]
Does culture matter?
There’s long been a debate about whether a company’s culture makes any difference in how it performs. Culture often is derided as the “soft stuff” that is nice to have but not really essential to a company’s success. Indeed, Sandy Weill once famously quipped that culture was “something they put in yogurt.” (Of course, we […]