What it means for you, Part I

By Barbara Kiviat | September 16, 2008 | +

That Q&A I mentioned yesterday is now on Time.com. I talk about what happens to your insurance policy at AIG if the company declares bankruptcy, what happens if your mortgage lender goes belly up, and other good stuff.

Barbara!

Related Topics: Economy & Policy

@TIMEBusiness

Latest on Business

Apple May 25, 2012

Apple CEO Cook Gives Up $75M in Stock Dividends

NEW YORK — Apple CEO Tim Cook is giving up $75 million in dividends on restricted stock that the company is awarding to all of its employees.

In a filing with the Securities and Exchange Commission on Thursday, Apple Inc. said that Cook requested that his restricted stock units not receive dividends. The dividends that Apple workers are getting amount to $2.65 per quarter for each restricted stock unit held. The shares are not normally eligible to receive dividends, so Apple’s decision is a perk for its employees.
From our Partners
The Bomb Hidden in Mitt Romney's Education PlanSlate

The Richest Woman in the World: How Gina Rinehart Earns her BillionsDaily Finance
Why Dell Will Never Be Great AgainHuff Post Business
Economy May 25, 2012

Study: Typical CEO Pay Up 6% to $9.6 Million

NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs.

The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

Curmudgeon

Ha, I see you refer to my own situation in the article, Barbara. I would have added a couple of other banks to the acquisition binge that culminated in BOA, but they were almost too small to count.
Barbara Kiviat

Glad you noticed my surreptitious shout-out.
odograph

Thank you, Barbara! (I amuse myself that the ! is part of the name.)

My mom has a small AIG annuity, not one that is a large portion of her retirement. I’ve forwarded her your story.
Barbara Kiviat

@odograph: I’m here to amuse. Mostly myself, but I’m glad to know it ripples. Your mother has a fixed-rate annuity, I assume? You might also want to forward her a link to the National Organization of Life and Health Insurance Guaranty Associations: http://www.nolhga.com. From the homepage you can link to a useful document titled, “What Happens When an Insurance Company Fails?” But let’s hope it doesn’t come to that.
odograph

Thanks again Barbara!