Comments on: AIG: Blame the negative publicity… http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/ Morningstar's guide to what's hiding in SEC filings Fri, 10 Feb 2012 20:24:57 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Dave G. http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8443 Dave G. Mon, 11 May 2009 16:35:08 +0000 http://www.footnoted.com/?p=3707#comment-8443 I guess it's not just Republicans that blame the media. I guess it’s not just Republicans that blame the media.

]]> By: Brad http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8439 Brad Sat, 09 May 2009 17:36:40 +0000 http://www.footnoted.com/?p=3707#comment-8439 Salancik and Meindl in their 1984 "Corporate Attributions as strategic illusions of management control" (http://www.jstor.org/pss/2393176) found that all managements tended to attribute positive outcomes to internal events and negative outcomes to external events. They found that the management of unstable companies were less inclined than those of stable companies to blame negative outcomes on environment factors, but more inclined to accept blame themselves. What does this mean for AIG? I don't know. I think the message of the study is that if you find management blaming journalists doesn't necessarily have bad implications (many companies of all stripes do it; it is a cognitive bias), but finding management accepting blame is a good thing. Salancik and Meindl in their 1984 “Corporate Attributions as strategic illusions of management control” (http://www.jstor.org/pss/2393176) found that all managements tended to attribute positive outcomes to internal events and negative outcomes to external events. They found that the management of unstable companies were less inclined than those of stable companies to blame negative outcomes on environment factors, but more inclined to accept blame themselves.

What does this mean for AIG? I don’t know. I think the message of the study is that if you find management blaming journalists doesn’t necessarily have bad implications (many companies of all stripes do it; it is a cognitive bias), but finding management accepting blame is a good thing.

]]> By: Mark R http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8433 Mark R Fri, 08 May 2009 21:38:11 +0000 http://www.footnoted.com/?p=3707#comment-8433 AIG I wish it was Japan in the 1930' the whole b unch would have to commit suicude. This time they nearly killed us instead. The thing about corporate America is that is they just o not understand that you cannot win a war with the media the ink and now the intternet are pretty cheap and they just keep making more of it. We should nationalize it and close it down asap AIG I wish it was Japan in the 1930′ the whole b unch would have to commit suicude. This time they nearly killed us instead. The thing about corporate America is that is they just o not understand that you cannot win a war with the media the ink and now the intternet are pretty cheap and they just keep making more of it. We should nationalize it and close it down asap

]]> By: Curious http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8430 Curious Fri, 08 May 2009 17:51:26 +0000 http://www.footnoted.com/?p=3707#comment-8430 At least there were no "leaks" at AIG as Krugman describes in his NY Times blog about the recent stress tests.... Banks leaked information about how much money they needed for the "stress tests." Please tell me how this information can leak (such as Bank of America needing $ ? billion) and it NOT BE INSIDER TRADING? Regulation is a complete joke. The people leaking this information comes back to the same old lax attitude of Wall St. getting away with making billions at every one elses expense. At least there were no “leaks” at AIG as Krugman describes in his NY Times blog about the recent stress tests…. Banks leaked information about how much money they needed for the “stress tests.”

Please tell me how this information can leak (such as Bank of America needing $ ? billion) and it NOT BE INSIDER TRADING? Regulation is a complete joke. The people leaking this information comes back to the same old lax attitude of Wall St. getting away with making billions at every one elses expense.

]]> By: mokenman http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8429 mokenman Fri, 08 May 2009 17:46:47 +0000 http://www.footnoted.com/?p=3707#comment-8429 It is the lack of critical examination, scrutiny, transparency, and greed on the part of AIG management which finally caught up with them. But taking responsibility for your actions is not part of Corporate American speak! In China Mr. Tse would either be dead or in the big house for a long stretch. It is the lack of critical examination, scrutiny, transparency, and greed on the part of AIG management which finally caught up with them. But taking responsibility for your actions is not part of Corporate American speak! In China Mr. Tse would either be dead or in the big house for a long stretch.

]]> By: Martin http://www.footnoted.com/buried-treasure/aig-blame-the-negative-publicity/comment-page-1/#comment-8427 Martin Fri, 08 May 2009 17:05:22 +0000 http://www.footnoted.com/?p=3707#comment-8427 Awwwww........ Too f'n bad. Awwwww……..

Too f’n bad.

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