The AIG effect

December 2011
Entrepreneur;Dec2011, Vol. 39 Issue 12, p26
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.


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