The Aig 60 Billion Dollar Loss Signified A Failed Management Strategy.

The news of Aig 60 billion dollar loss didn’t catch the financial pundits unawares, many of whom have been expecting that the company would explode someday because it has been sitting on a keg of gunpowder in the way the management of Aig spend money carelessly.

The near collapse of Aig operations has rocked both the financial and industrial worlds with a big bang!

It has sent customers scrambling for the recovery of their hard-earned money they have put on Aig’s activities.

Are not the American people that always end up as the punching bags for all these corporate failures?

Are we not the unlucky ones at the receiving ends of painful realization that our money we had worked hard to get has disappeared?

Aig 60 billion dollar loss would have stemmed from the company’s shoddy management structure: the kind of management that lavished hefty salaries on the company’s CEO, senior managers and other high-ranking officials.

And Aig has diversified its business operations in recent years into the fields like aerospace, Mortgage Lending, Auto Insurance and even Resorts and Skiing business.

The question is : are all these new business ventures good investment?

Do they bring enough profits as Aig had forecasted, or they were just headaches that eventually brought Aig to its current gloomy situation?

No matter what explanations we try to offer now, Aig 60 billion dollar loss reflects that the company is currently fighting for its survival: it is fighting for re-vitalization of its operations!

But could Aig reclaim its leading role in American insurance again?

That is left to be seen: but the current state of things for the company points to the fact that Aig has a long way, a complex process to undertake before claiming victory on its present predicament.

What the United States Should Accomplish

To arouse a sense of accountability towards the citizens, the United States Government is expected to shore up its regulatory agencies to go after companies like Aig that might throw ordinary Americans into a regretful mood.

Aig 60 billion dollar loss revealed that many Americans are potential victims of this corporate failure!

Many are going to lose their life-savings and the money they had worked for all the days of their lives!

What a tragedy that such an unexpected problem would happen to us!

Why are We Facing these Hard Times?

We always ask ourselves, why are we facing these hard times? Why is our Government leaving us alone in this predicament and pursuing political rigmarole?

What will happen to our children and grandchildren if this uncomfortable situation is left uncontrolled? It is time our Government addressed this calamitous problem.