Wednesday, September 17, 2008

AIG and Big Think

When times on Wall St. are tough (and moral hazard seems again missing in action) one turns to experts, knowledgeable sources:
AIG Will Be Headed by Ex-Allstate CEO Edward Liddy, Person Says 
The story was soon updated to eliminate that infelicity. For the record, that was not someone named John or Sylvia Person:
American International Group Inc., the insurer that was saved by the U.S. government, will be run by former Allstate Corp. Chief Executive Officer Edward Liddy, a person familiar with the takeover said.
Curious to learn more about our new CEO - (we own it now, right?) -- we turn to Big Think, which purports to offer ideas by experts. There we find "Ideas by Edward Liddy":

Big Think is still in beta. Mr. Liddy, we hope to think, is not. Here's his sole Big Thunk so far. Interestingly, it begins:
No two leaders and no two companies are alike. In different settings and in different times, we all face very different challenges. Sometimes for example, CEOs are called upon to turn a company around, rescue a business that's failed or is failing.
Update: Mr. Liddy, formerly head of Allstate Corp., gets pat on head from WSJ.

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Blogger jonhusband said...

Sounds like something a well-heeled community wizard might say. It's really quite profound, when you stop and think about it.

Yes, I am being sarcastic.

9/17/2008 12:22 PM  
Blogger Tom Matrullo said...

Probably need a better wizard.

9/17/2008 12:33 PM  

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