AIG Starts the RE-Dressing of its image by changing name

This weekend AIG wasted NO TIME in the re-vamp of it's image as far as changing its name from AIG to AIU. This is very important people. Some of you will just glance this and think nothing of it. This is the same tactics every company has used after it's image has been "tarnished"...of sorts..Well tarnished isn't the word I'd use for AIG's image more like triffeling d-bags. It is very important people that we DO NOT LET this company simply change a letter in it's company name and go about it's business as usual cause thats what they are attempting to pull here.....

www.reuters.com...

D-bags

Originally posted by tsloan
This weekend AIG wasted NO TIME in the re-vamp of it's image as far as changing its name from AIG to AIU. This is very important people. Some of you will just glance this and think nothing of it. This is the same tactics every company has used after it's image has been "tarnished"...of sorts..Well tarnished isn't the word I'd use for AIG's image more like triffeling d-bags. It is very important people that we DO NOT LET this company simply change a letter in it's company name and go about it's business as usual cause thats what they are attempting to pull here.....

www.reuters.com...

D-bags

Yeah, they ought to change it to AIOU to be frank.

As much as I distaste this business with AIG and think that their actions are horrid. It's a ploy to take your mind off the real business of the Federal Reserves Trillion Dollar crap.

Originally posted by Tentickles
As much as I distaste this business with AIG and think that their actions are horrid. It's a ploy to take your mind off the real business of the Federal Reserves Trillion Dollar crap.

Very true...., and besides, they should be named 'Xe'.

I was waiting for this, it was only a matter of time, although I didn't think it would happen this quick. But do they really think that people are going to be thrown off by one letter? I say boycott them. Hell boycott everything. It's all corrupt.

i can't imagine the Logo identification will make Geithner's desire to
'Unwind' the Firms legal status as a financial/insurance entity...

AIG , along with listing on the NYSE, is also on the stock exchanges of Tokyo and Ireland


the AIG to AIU is a mere cosmetic change...

I recall a chain of tourist 'Beachshops' here at the beach,
they bought out and tookover a Dime-Store operation with about 4 outlets
here at Myrtle Beach... the outfit had 4 stores called 'KINGS...

know what... the take-over party... just ordered a single letter to replace the 'KINGS' stores that were sold... they installed a 'W" for the 'K'..
and the buildings became 'WINGS'...
& has prospered for at least a decade as the 'WINGS' brand of beach-shops

~just a non-important anology~

I was listening to one of the senate hearings with Liddy. It sounds like they will be changing, not only the name of AIG, but they will be splitting apart into smaller groups. And, of course, all of these groups will have their own 'aliases'.

So AIU may not stick for very long, but you'll really want to keep a look out for the AIG spawn that try to slip out undetected.

AIG pulled a Blackwater out of its...

The mercenary kill-for-hire firm Blackwater changed their name to Xe to make it sound more chic, more urban, more... acceptable?

They can repackage all they want but inside the fancy new package is the same crap product.

Originally posted by Avarus
I was listening to one of the senate hearings with Liddy. It sounds like they will be changing, not only the name of AIG, but they will be splitting apart into smaller groups. And, of course, all of these groups will have their own 'aliases'.

So AIU may not stick for very long, but you'll really want to keep a look out for the AIG spawn that try to slip out undetected.

You hit the nail right on the head.
Split the companies into smaller holding companies in their respective spectrum of business and do it all the while trying to keep everyones mind off what the company has done to the American financial sector. "slight of hand" only this time the government is...wait... we are paying for this magic show.

reply to post by star in a jar


You have it right also...Just like Black Water.
in a couple of months you watch as Black Water...or Xe will slowly start bidding on Middle East contracts again.. I wouldn't be surprised if our own government told them to back off were pulling your contracts and you guys spin-off the BlackWater bad press change your name and shine it up and come back in a year or so and well play ball after all the smoke has cleared. AIG will be broken up just like the Bells and once the markets recover they will re-consolidate in 5 years under some other name with the help of the tax payers money.

Does anyone know how much it costs for an organization the size of AIG to enact the name change?

It ain't chump change.

More of our dough down the drain, paying for some schmuck's stupid idea that'll really change nothing except somehow (and I'm guessing here) that since it ain't AIG, they won't have to play by anyone's 'bailout rules'.

This is more than just window dressing . . . mark my words . . . there's some kind of weasel-like shenannigans going on here.

Oh, did any one catch the fact that AIG somehow 'overestimated' the amount forwarded to municipalities by about $2,600,000,000.

Source

How do you 'oops' on more than two billion? I 'oops' my checkbook by $5 and I'm lookin' at a $45 NSF charge.

What the HELL?

Just posting this for anyone who is interested...AIG has it's roots in China goig back to 1919...and they have changed thier name many times...
I am not a fan of AIG

www1.aia.com.cn...

1919 The AIG companies were one of the very few U.S. companies to have their origins in China when their founder, C.V. Starr, formed American Asiatic Underwriters in Shanghai.
1921 C. V. Starr founded Asia Life Insurance Company, the first foreign life operation to offer products and services to the Chinese people.
1931 International Assurance Company, Ltd was established. It was renamed American International Assurance Company, Limited in 1948.
1975 AIG former Chairman & CEO, Maurice R. Greenberg, made his first visit to Beijing and has since traveled many times to China.
1980 The AIG companies opened a representative office in Beijing, the first set up in modern China by a foreign financial institution.
China America Insurance Company (CAIC) was formed as a 50-50 joint venture between AIG companies and the People's Insurance Company of China (PICC). This was the first joint venture between a foreign insurance organization and PICC.
1990 The AIG companies organized, financed and chaired a major financial services conference in Shanghai to assist then Mayor Zhu Rongji in introducing the international financial community to investment opportunities in Shanghai.
1992 The AIG companies strengthened their presence in China through a branch office of AIA in Shanghai, the first foreign-owned life and non-life insurance business to receive a license from the People's Bank of China.
1994 AIA-Shanghai and Fudan University jointly established AIA-Fudan Actuarial Center.
AIA Information Technology (Guangzhou) Co., Ltd. was established.
1995 The AIG companies were granted life and non-life insurance licenses for Guangzhou by the People's Bank of China.
1996 AIA signed a 30-year lease agreement on the building at 17 Zhongshan East No. 1 Road in the heart of Shanghai's famous Bund. This special building was home to C. V. Starr's original Shanghai insurance companies.
AIA-Zhongda Actuarial Center was established in Guangzhou.
1997 On approval from the People's Bank of China, AIA Shanghai General Insurance Division was re-named and established as AIU Insurance Company Shanghai Branch.
1998 AIA celebrated its historic return to Shanghai's Bund.
1999 The AIG companies obtained licenses from the China Insurance Regulatory Commission (CIRC) to operate life and non-life insurance business in Foshan and Shenzhen. AIA and AIU Foshan sub-branches and Shenzhen branches were officially opened to operate life and non-life insurance.
AIA-Keda Actuarial Center was established in Hefei, capital of Anhui province.
2000 AIA Information Technology (Beijing) Co. Ltd. was established.
2001 The AIG companies were granted approval from the CIRC to set up wholly-owned life insurance operations in Beijing and Suzhou, as well as two sub-branches in the cities of Dongguan and Jiangmen in Guangdong Province.
A representative office was opened in Chengdu, Sichuan Province.
2002 AIA branch offices were opened in Beijing and Suzhou, and sub-branch offices in Dongguan and Jiangmen.
AIG Consulting Services Co, Ltd. was established in Beijing.
AIG Global Investment Corporation (Asia) established a representative office in Shanghai.
AIA-Beida Actuarial Center was established in Beijing.
2003 The AIG companies acquired a 9.9% stake in PICC P&C's outstanding share capital at its Initial Public Offering in Hong Kong, and reached a co-operative agreement with PICC P&C to develop the accident and health insurance market in China.
2004 AIG Global Investment Corporation, Huatai Securities Company Limited and three other participants were granted approval from the China Securities Regulatory Commission (CSRC) to start preparatory work for the establishment of AIG-Huatai Fund Management Company Limited. The compamy was approved to open business in November.
2005 Approved by the China Securities Regulatory Commission, The Ministry of Commerce and the State Administration for Industry and Commerce, AIG Global Investment Corp. raised its stake in AIG-Huaitai Fund Management Company Limited, from 33 percent to 49 percent.

AIG Private Bank Ltd. received approval from the China banking Regulatory Commission to set up its representative office in Shanghai. It is the first foreign private bank to receive approval to open a representative office in Shanghai.

AIG
Arrogance, Incompetence & Greed, Inc.

The new name given to failed, mega-conglomerate, American Insurance Group, for taking $170 billion in federal bailout money with the right hand and, with the left, doling out $165 million in bonuses to the same execs who ran the company into the ground in the first place.

Now the universally recognized symbol for corporate greed and/or corruption.
For the American public, AIG now stands for "arrogance, incompetence and greed," (credit Rep. Paul Hodes, D-N.H. Mar. 18 2009)

www.urbandictionary.com...

guys relax....so long as they are splitting into smaller groups i don't care what they call themselves..........this is what we need all the too big to fail FINANCIAL institutions to do.....split into smaller parts....than can be allowed to fail if they are insolvent........

also i think that if i was at AIG (which was a decent company until the last 3 years in which there financial services division sold all those Credit defalut insurance..way more than they had the money to cover......I would be pissed that i am doing my job and getting all these threats bc one sector of the company became gigantic risk takers...and low lifes......

[edit on 24-3-2009 by cpdaman]

Quick, let's think of acronyms and poison the new AIU moniker.

I also think it should be IOU, Inc.

Always Indebted to U. ?

If they want us to forget AIG, i would think they'd change their name to something entirely different. Hard to say what they're up to here. This may be a legal maneuver not a PR stunt.

Straight from the liberal playbook!

Jungle to Rainforest....Global Warming to Climate Change...welfare to public assistance etc.