TITLE

The AIG effect

AUTHOR(S)
SCHOENFELD, BRUCE
PUB. DATE
December 2011
SOURCE
Entrepreneur;Dec2011, Vol. 39 Issue 12, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the AIG effect, a phrase used to describe the fear felt by corporate executives and chief executive officers (CEOs) that they will be accused of profligate spending by the public. The phrase comes from the public outcry over the insurance company American International Group's 2008 luxury company retreat in St. Regis Monarch Beach, California, after the company accepted a bailout by the U.S. government using taxpayer funds.
ACCESSION #
67414844

 

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