Type Size

May 13, 2009, 6:21 pm
Power Point: Trust is not enough
“We are hearing, ‘Trust us,’ but we are not willing to let $180 billion go just on trust. We will question; we will inquire; we will verify.”
-Rep. Edolphus Towns, D-N.Y., chairman of the House Oversight Committee, in a hearing with AIG (AIG) on Wednesday. The embattled insurance giant, which recieved a $180 billion-dollar bailout, claimed it had made “substantial” progress, but Congress wanted more proof. CEO Ed Liddy failed to submit the roadmap of the company’s repayment and restructuring plan that Towns had requested. Liddy argued that revealing AIG’s operating details publicly would “put us at a severe disadvantage to repay the American public.” The world’s biggest bailout lives on.–Jessica Shambora
CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
National outreach director, St. Jude Children's Research Hospital
- Happy holidays!
- Gallery of Most Powerful Women Entrepreneurs
- Fixing health care…in the supermarket
- Think of yourself as a media company
- Sol Price, in Sam Walton’s memory
- A solar start-up that saves energy–and cash
- Power Point: Mobile Internet races ahead
- Entrepreneurs who never let you see ‘em sweat
- Power Point: Treat your boss like a child
- Zalaznick and Citrin: Family ties
- She has been wrong on many things but... More
- Wish we, and the bankers/developers h... More
- oops! sorry!... More
- the truth hurts....and since you didn... More
- read "The Flow of Trade in a Global E... More
- Well, it certainly is convenient that... More
- http://www.businessinsider.com/apple-... More
- I have worked in a Precinct for over ... More
- A godly woman puts her husband and ch... More
- Lonnie Lardner's Creative Voltage... More
Subscribe to Postcards: RSS feed | email newsletter
Restaurant entrepreneur and Food Network star shares her life story. Watch
airlines
auto industry
banks
blogging
boards
brands
CEOs
consumer goods
earnings
economy
education
entertainment
finance
FORTUNE Most Powerful Women Summit
FORTUNE MPWomen
Guest Post
headhunters
health care
hedge funds
investing
jobs
leadership
management
MBA
media
mentoring
MPWomen Entrepreneurs
MPWomen Go Global
personal power
pharmaceuticals
philanthropy
politics
Power Point
Power Shift
private equity
publishing
real estate
restaurants
retail
Silicon Valley
sports
stock market
succession
technology
telecom
Uncategorized
Wall Street
Washington
Indra Nooyi, PepsiCo
Irene Rosenfeld, Kraft Foods
Pat Woertz, Archer Daniels Midland
Angela Braly, Wellpoint
Andrea Jung, Avon Products
Oprah Winfrey, Harpo
Ellen Kullman, Dupont
Carol Bartz, Yahoo
Ursula Burns, Xerox
Brenda Barnes, Sara Lee
Subscribe to Postcards: RSS feed | email newsletter
Every year Fortune and the U.S. State Department sponsor the Global Women Leaders Mentoring Partnership, which brings rising-star women from developing countries to the U.S. to work closely with participants of the annual Fortune Most Powerful Women Summit - among them CEOs Andrea Jung of Avon, Ann Moore of Time Inc., and Ursula Burns of Xerox.




Come on… Give em a break!
The Financial Services segment’s first quarter operating income improved by $7.6 billion from 2008. Sounds like “substantial” progress to me!
http://justsomethoughtsbybob.wordpress.com/2009/05/13/aig-bonuses-reap-immediate-results/