This is fascinating:
Some analysts say at least part of the shortfall must have been there all along, hidden by irregular accounting.
“You don’t just suddenly lose $120 billion overnight,”
I am obsessing with AIG because I was talking to them back in August
about a global treasury project to better manage their liquidity. On
the one hand I was disappointed when the project evaporated as AIG was
imploding, but relieved on the other hand – phew! escaped that nightmare!
Turns out it would have been a very complicated mess to try to solve. But they shouldn't
have killed the project, they need that treasury transparency and
efficiency now more than ever.
Read more about AIG's missng cash:
- NYTimes DealBook blog
- NYTimes Article
During her time at Glenbrook, Erin focused on client engagements in business payments, cross-border transactions, bill payment, and the intersection of corporate finance, banking, and ERP/accounting. She has nearly twenty years of experience leading increasingly complex payment initiatives for corporate clients and advising financial institutions and payment technologists on the development of their payment capabilities.
Erin is also the founder of Forte Financial, a consulting firm focused on corporate finance efficiency, technology, and process improvement. She is a past president of the Financial Women’s Association of San Francisco and also a two-term past president of the San Francisco Treasury Management Association. Erin is no longer with Glenbrook, but contributed greatly during her time at the firm.