Comments on: Hank Quixote http://blogs.reuters.com/reuters-dealzone/2009/01/06/hank-quixote/ Behind the deals and deal-makers Tue, 10 Nov 2009 12:25:41 +0000 http://wordpress.org/?v=2.6.2 By: Peter Rinaldo Ku Ketz http://blogs.reuters.com/reuters-dealzone/2009/01/06/hank-quixote/#comment-340122 Peter Rinaldo Ku Ketz Wed, 07 Jan 2009 14:45:32 +0000 http://blogs.reuters.com/reuters-dealzone/?p=13190#comment-340122 Hank Greenberg, in his infinite wisdom and fertile mind, ignored the basic canon of underwriting skill in the creation of AIG's Financial Products Division. " Never allow the perfume of the premium to overcome the stench of the risk" While the FPD was a cash cow, such profits attract equitable risk, Hank and his management team lacked the foresight in this regard. Hank, the fat lady is singing - have a magic day. Hank Greenberg, in his infinite wisdom and fertile mind, ignored the basic canon of underwriting skill in the creation of AIG’s Financial Products Division.

” Never allow the perfume of the premium to overcome the stench of the risk”

While the FPD was a cash cow, such profits attract equitable risk, Hank and his management team lacked the foresight in this regard.

Hank, the fat lady is singing - have a magic day.

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