David L. Herzon
Served as the Chief Financial Officer and Executive Vice President of AIG from 2008 to 2016, playing a central role in the insurer's financial recovery and capital structure management following its government bailout
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October, 2009
“The cost of saving the company [referring to AIG] was less than having systemic risk implode on the world”
— Lecture at the University of Missouri in Columbia
Notes:
This is the point. No company should be big enough to pose a systemic risk.
David L. HerzonLecture