TOPIC: Corporate governance (top management, managerial cognition, etc.) Compani
ID: 382124 • Letter: T
Question
TOPIC: Corporate governance (top management, managerial cognition, etc.)
Companies: AIG & ALL STATES
READINGS:
1)Core, Holthausen, Larcker 1999 “Corporate governance, chief executive officer compensation, and firm performance”
2)Amihud & Lev 1981 “Risk reduction as a managerial motive for conglomerate mergers”
3)Yoo & Jung 2015 “Corporate governance change and performance…”
4)Hammond, Keeney, & Raiffa 1998 “The hidden traps in decision making”
5)Hayward & Hambrick 1997 “Explaining the Premiums Paid for Large Acquisitions: Evidence of CEO Hubris”
6)Audia, Locke, & Smith 2000 “The Paradox of Success: An Archival and a Laboratory Study of Strategic Persistence Following Radical Environmental Change”
Question
Compare the two companie’s top management teams. What problems do you see using ideas from readings 4-6? If you were members of the boards of directors, what changes would you make in the top management team of this company?
Explanation / Answer
lAfter comparing two companies i.e. AIG and Allstate top management teams I have identified following facts:
lAIG’s Management team constitues of Douglas Tymins- President & Chief Executive Officer at AIG. Kevin L. Reid-Chief Operating Officer, both are based at New York. Managing Director, Head of Construction & Development, is John S. Whitaker, He is based at Atlanta. President, AIG Affordable Housing is based at Los Angeles along with Managing Director, Asset Management- Richard Fisher. Mark E. Hertz is Managing Director, Head of U.S. Investments is he is also functioning from New York.
lAllstate’s Management Team is constitutes of Tom Wilson who is functioning as Chairman and Chief Executive Officer, Matt Winter is working as President, and Brian Bohaty -Executive President.
If I were amongst the members of the boards of directors, the changes that I would implement in the top management team of this companies will be as follows:
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