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The AIG Bailout Comes to an End

Bloomberg Originals 1 views

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@brajeshsingh2391
 Citigroup and AIG made headlines for their bailouts But hey the organizations worked their way up Vikram Pandit was appointed the CEO of Citibank and he worked on nominal salary of 1 dollar Of course he was given stock options worth $40 million which I am pretty sure he cashed out very profitablybrSame was the case for AIG which was headed by an American American Investment Group which later turned into AIA American Investment Association The AIG bailout was absolutely necessary because it was managing 401k accounts If went down people would have lost their life savings The CEO was forced to travel by public transport for several months as their was intense media scrutiny He later complained how it affected his performance
Comment from : @brajeshsingh2391


@thomasucc
 At a loss
Comment from : @thomasucc

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