Hoffman Meyer CEO, Douglas Morgan began his speech by asking two questions “So how did it come to this? How did American International Group go from insurance giant to national outcast?” The outspoken Hoffman Meyer CEO then began his rant by saying “While the government is propping up dozens of companies left teetering from one of the worst recessions in decades, AIG has emerged as the most reviled by far.”
Morgan continued his speech at fast pace by saying “It wasn't always that way for AIG, which once revered and even feared as the world's largest insurance company” and then continued by saying “But that was before AIG sucked up $170 billion worth of taxpayer dollars and doled out millions in bonuses to some of the very employees responsible for its own demise.”
He went on further to say “The Obama administration doesn't like the bonuses and says it will move to recoup $165 million in tax dollars used to pay them. Senate Democrats are pushing proposals to drop a heavy tax on the executive payments, many of which topped $1 million,” before ending his speech by saying "AIG's attitude represents everything that's wrong with Wall Street greed and perhaps even corruption."
Hoffman Meyer Associates is Seattle's leading merger and acquisition, business brokerage firm. As a mergers & acquisition firm, our principals have completed scores of transactions of privately and publicly held companies during the past 25 years.
Over the years, our firm has developed strong relationships with companies and individuals that are ancillary to the mergers & acquisition process including banks, mezzanine lenders, asset lenders, transaction attorneys, certified public accountants, and financial planners. We are also affiliate members of leading merger & acquisition, business valuation, accounting and brokerage associations.
