AIG pays up for crisis management advice
Levick Strategic Communications is well known in Washington for its crisis management efforts on behalf of unpopular clients, such as the Catholic Church in its sex abuse scandal and a Dubai-based management company under fire for its contract to run U.S. ports. You can now add AIG to their client list, reports the AP.
The difference here is that neither the Church nor the Dubai company were the recipients of $170 billion in taxpayer funds. So at the risk of sounding like a broken record, you have to question whether this is good use of tax payer monies.
There are many who would argue that it's not. Many would have preferred to have CEO Edward Liddy come down and give straight, uncalculated answers. The sums involved do not approach the $165 million in bonus money that the company handed out. Still, you have to wonder if the blunders have been so great that no PR manager could really do much.
For more:
- here's the AP article
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