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POPSGive AIG a Break - Risk Management Monitor
Sure, the company has some serious problems, and its liquidity crisis of 2008 will remain one of the worst business disasters of all time. But since then, AIG has somehow morphed from a deeply troubled company into an avatar of all things wrong with the corporate world. And while I won’t suggest we forget (or even forgive) AIG of the policies and actions that nearly tanked the world economy, we must resist the urge to make this company into things that it is not. Villainization, while it may make us feel good, usually distracts us from the complexities of a situation we must somehow address. It’s easy to say that any given problem came about because somebody — that guy! over there! — was a greedy jerk. It’s far more difficult to see problems in a wider context, to understand how those problems came about, to address those problems on their own terms, and to take meaningful action to try to prevent those problems from arising again. But when we look at the magnitude of the AIG situat
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