Top AIG executive to visit MU, talk about the economy

Wednesday, October 21, 2009 | 2:23 p.m. CDT; updated 8:46 a.m. CDT, Thursday, October 22, 2009

COLUMBIA — David Herzog, chief financial officer and executive vice president of American International Group and MU alumnus, will give a talk about the economy from 3:45 to 4:45 p.m. Thursday in Bush Auditorium in Cornell Hall.

The MU Trulaske College of Business is bringing Herzog to campus. The Office of Advancement in the College did not provide more details about the content of Herzog’s presentation.

If you go

When: 3:45 to 4:45 p.m., Thursday

Where: Bush Auditorium, Cornell Hall, MU

Admission: Free

Call: For more information, call 882-6768.

Herzog earned his bachelor's degree in accountancy from MU in 1982. In October 2008 he was appointed to his current position at AIG. MU will not compensate Herzog for the engagement, said Christian Basi, associate director of MU's news bureau.

“It is a wonderful learning opportunity for students,” Basi said.

The presentation is open to the general public but seating is limited.  

Basi said the format of Herzog’s presentation will not give the general audience an opportunity to ask questions.

AIG received the largest government bailout in U.S. history last September. As one of the world’s biggest insurance companies, financial leaders were concerned for the stability of the entire financial system after it was discovered AIG’s Financial Products Division didn’t have enough money to pay for credit default swaps. AIG received $85 billion to prevent the company from going bankrupt, according to the Wall Street Journal and Reuters.

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