The Need for Brand Insurance:
Limitations of the existing products:
Can these factors be eliminated?
I was awed by a news article today "AIG awards $170 mn bonus, US taxpayers get bill" Whoa! Shows the level of corporate responsibility in the US, I was trying to imagine something on similar lines in India, guess none of our listed corporates would even dare to imagine such a thing, that too after receiving a bailout from the government. As our tradition goes i can visualize stones being furled at the office building and the political parties making the most of it staging dharnas and all, if at all it happens. How could even the executives claim(AIG says its legally bound to pay) for such a payment??? After all it was their carelessness or care full fraud which led to the largest corporate loss in the recorded history of $63Billion in a single Quarter, that's a whooping loss. Hope these guys get some sense of what they are doing!