In their own words: AIG and GM

This weekend, we’ll take a look at how some of America’s most notorious corporate scofflaws want to project a very different, very positive image to the public. I won’t attempt to duplicate the fuzzy-focus grandpas playing with their blonde granddaughters in fields of wildflowers that you’d see if you looked at a lot of their corporate literature. But I will repeat some of the written equivalents here.

We’ll start with what, for today at least, continues to be the baddest bad-ass out there – AIG.

Here’s what they have to say about their retirement services and products:

AIG: Live Longer Retire Stronger

Good science and good lifestyle choices are adding up to longer, healthier lives. And that is a good thing. But increasing longevity creates new retirement challenges. How do you pay for a 30+ year retirement? How do you ensure a reliable income when financial markets zig and the economy zags. AIG’s retirement services companies can help answer those and other important retirement planning questions. We are in the business of helping millions of Americans find fresh ideas to help fund those extra years and make the most of your nest egg. So go ahead … live longer. The AIG companies have the strength to be there when you retire, so you will never outlive your money.

 

Especially, I guess it goes without saying, if you find yourself in receipt of a hefty retention bonus.

As their name implies, AIG is primarily an insurance company, offering a variety of specialized insurance products. One of these interestingly is insurance that protects some of a company’s top officials.

Public Companies Directors and Officers Insurance

As management liability exposures for public companies continue to grow both domestically and internationally, everyone from company executives to independent directors, general counsel and risk managers face increasing personal risk. [Our] insurance provides public companies and their management with broad coverage for securities claims and employment practices claims. Coverage encompasses the many individuals likely to be sued in such claims. Coverage can be enhanced with locally-admitted policies for claims arising overseas via AIG Passport.

 

Meanwhile, our friends over at General Motors were crowing about themselves as recently as their 2008 annual report.

Excitement and style for our biggest global brand.

In one of the most anticipated new-car launches in years, the all-new Chevrolet Malibu served notice to the perennial midsize sedan leaders in the United States. Consumer demand has been very strong for the Malibu, which was named the 2008 North American Car of the Year. The recently restyled Aveo5 hatchback further defines the new face of Chevy. From Detroit to Shanghai, Sao Paolo to Russelsheim, GM’s lead brand just keeps getting better and growing around the globe.

 

Corporate responsibility at General Motors

We’re proud of the difference we’ve made since we started out in 1908 – a century of safe, dependable vehicles, and millions of people employed over the years to design, engineer, build and sell them. A century of impact, with billions spent with minority suppliers, billions in charitable donations and millions of metric tons of carbon dioxide taken out of facility emissions. A century of firsts, from the introduction of tail lights to pump technology that enabled the first heart transplant. A powerful century, but that’s all in the past. For us, the excitement is in focusing our technical talent on helping solve many of the big challenges facing our world right now.

 

GM Next

GM today stands at the juncture between our first and second centuries, between a tremendous heritage and a bright and exciting future. We’ve come a long way since the challenge of 2005, and still we have a lot of work ahead of us, but I believe that 2007 will stand as the tipping point in the history of GM, as we position the company for sustained competitiveness, profitability and growth.

Everyone at our company is working hard to make GM the industry leader with great cars and trucks, great brands and great business results. It’s a position that GM has attained many times in our history, and one we desire to achieve again. We have the right strategy, the right products and technology and, most important, the right people to do it again, and we’re committed to making it happen. We appreciate your continued support as we look to make this vision a reality.

 

Tomorrow, we’ll take a similar look at Citibank, Blackwater and the Peanut Corporation of America.

 

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One Response to “In their own words: AIG and GM”

  1. InActionMan IAM Says:

    You couldn’t make this stuff up, could you? What is it about large corporations that they develop an internal culture of ‘voluntary blindness’ that prevents them from recognising that the emperor has no clothes; or that the bank has no money, or the car manufacturer no orders?
    I guess it’s because anyone who points out the ‘reality gaps’ in a corporation’s propoganda will not do well within the company, or may even find himself outside of the company altogether.
    Something is rotten in the state of Free Markets.

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