INSTANT MBA: Give Employees The Freedom To Turn Things Around

Robert Benmosche AIG

Today’s advice comes from AIG CEO Robert Benmosche’s interview with CNBC:

“Well, my family, thank God, wanted me to take the job; and they thought I could get some things accomplished. But some people said, ‘Are you nuts?’ Because they thought it wasn’t fixable.

“I believe that what Hank Greenberg left is a great legacy of people. There’s some issues here and I felt there was a strong enough foundation that giving the people the freedom to act and they choose to act, which they did, you could turn this place around.”

Earlier this year, the company filed a re-IPO after paying back its bailout debt to the Federal Reserve.

“This re-IPO basically leaves us a strong, independent investment grade company. So we’re into the new era of AIG being here.”

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