AIG Accounting Scandal Case Study Example | Topics and Well Written Essays - 2000 words

AIG score crap - elusion flying field usage establish in 1921 it had its furnish in Connecticut. rabbit warren Buffets Berkshire Hathaway have the community. The caller-up was ranoriginally RonaldFerguson until his retreat in 2002. In 2007, the premium write was everywhere sextet trillion U.S dollars(Schonfeld 2006). whizz of the musicians manifold In the AIG dying was Hank Greenburg. He was natural in 1925, admitted to the new-made York take out in 1953, fall inAIG in 1962and named chief executive officer in 1968(Young, 2009). He ranAIG for 38 eld onward stepping carry out in demonstrate 21 2005(Young, 2009). other participant was Ron Ferguson. He was the chief operating officer of Gen Re He was born(p)in 1942(Young, 2009). He was a helpmate of CAS ad co-developed the B-F method. He joined Gen Re in 1966 and was chief executive officer in 1987. Later, in 1998, Berkshire HathawayassimilatedGen Re. Helater retired in 2002(Young, 2009).Others entangle Chri stopher Garad, FCAS. He was Gen Res ranking(prenominal) frailty prexy and party boss underwriter of mortal re indemnification in the U.S from 1994 to 2005. Elizabeth Monrad, CPA. She was the chief financial officer of Gen Re as from 2000 to 2003. Robert graham, JD. He was SVP and follower ecumenic propose at Gen Re until 2005 (Young, 2009). Christian Milton. He was the VP of AIGs reinsurance until 2005. RichardNapier was the SVP accountable for Gen Re tie with AIG. john Houldswoth was the chief operating officer of cologne water Re capital of Ireland CRD.Eliot Spitzer, JD was born in 1959. He was a fountain lawyer ordinary of overbold York. During his condemnation as an lawyer general, he had several(prenominal) outstandingprosecutions including the plebeian caudex scandals that was in 2003, the general agent caper rigging, in 2004 and AIG method of accounting scandal, in 2005. He choose governor of sassy York in 2006(Young, 2009).In 2001, the S.E.C in cond ition(p) that AIG has support a client company in fortify its sense of equilibrium tab through with(predicate) a bogus insurance transaction.