The Low-Down On The Downfall Of AIG
Dave Kansas, editor at large for FiLife.com and author of The Wall Street Journal Guide to the End of Wall Street As We Know It stopped by the studio to explain AIG's rise as one of the largest and most powerful insurance companies in the world and their role in the financial crisis including the current scandal surrounding executive bonuses.
Kansas went over common questions including:
1. Will the scandal over AIG and executive bonuses change the Wall Street bonus system?
2. What are the next steps the government should/will take against AIG?
3. Will and should firms opt for different compensation schemes?
4. If firms do decide to change their compensation practices, will the best and brightest leave the financial sector?
For more information, visit FiLife.com.
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