This was a tough lesson to learn for AIG as it was the catalyst of salary limits on the entire investment and financial services industry.
Conclusion
AIG shows what happens when a company loses track of their core business of service and delivering value to customers. The unbalanced nature of AIG's ethical decision making nearly bankrupt the company yet when seen from a positive standpoint, they are an excellent example of why ethics needs to always be based on balanced, equitable decision making.
References
Bradford, M., Taylor, E., & Brazel, J.. (2010). Beyond Compliance: The Value of SOX. Strategic Finance, 91(11), 48-53.
Michael R. Crittenden, & John D. McKinnon. (2010, January 26). U.S. Opens Probe Into AIG's Payout to Partners. Wall Street Journal (Eastern Edition), p. C.1.
Amir Efrati, & Liam Pleven. (2008,...
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