It'S All False Accounts.

　    對于世界最大的保險公司美國國際集團來說，現(xiàn)在用英國作家莎士比亞的名言：“生存還是死亡”來形容，恐怕是再恰當不過了。

The judicial and supervisory authorities of New York have filed a civil action against AIG and its former chairman Greenberg and former chief financial officer, Smith, on the charge that AIG is suspected of being engaged in false pactions, concealing losses, and reporting false income. The purpose of the above measures is to exaggerate the performance of the company's underwriting business, so as to enhance the company's share price.

Greenberg, 80, is the biggest contributor to AIG as the largest insurer in the world.

He made AIG's current assets 1000 times as much as in 1967, and its share price has risen 17% annually in the past 20 years.

Greenberg himself is also recognized by the industry as a "money collector".

He was not only one of the main contributors to Bush during the election, but also had many ties with many senior officials in the government and parliament, and he received their patronage many times.

However, the old man was involuntarily trapped in the embarrassment of scandal.

Since its disclosure is being investigated by regulators in February 14th, its share price has fallen by nearly 24%, and its market capitalization has shrunk by about 50000000000 US dollars.

The core of the scandal is Warren Buffett, the world's second richest man, known as "stock god".

No wonder people in the industry say that the impact of the scandal can even be comparable to that of the tsunami in India ocean in December last year.

The US business community was shocked by the scandal of the American International Group.

Sam Stovall, chief investment planner of standard Pool Co in New York, exclaimed: "even the world insurance group such as AIG can face financial fraud. Who can believe in the US business community?"

From Enron to AIG, financial scandals in big American companies have been in recent years.

Many people are puzzled about this.

Is this a worrying trend, or is business morality itself empty?

In fact, in the United States, corporate system is often an important reason for committing a crime.

The board of directors often tells the executive director: "we want you to make the directors rich.

If you do it, we will make you rich too; if you can't do it, we will expel you.

Therefore, under such circumstances, the CEO of the company must bear enormous pressure.

The company system is the definition of success as the rising stock price, so people are used to raising the stock price regardless of all costs.

As Andrew Fasta, a former Enron Corp finance chief who has been convicted, said, "it's not about money. I just want people to think that what I do is the best."

But what he did was really a crime.

In 2002, the US government passed the Sao bill in response to the Enron financial scandal and the subsequent US stock market crisis caused by the financial fraud of a series of listed companies.

This bill has a far-reaching impact on the American business community, and it can be said that it has affected the way of business activities of American enterprises.

The American business community generally believes that the Sao act is the most influential legislation in the US business and accounting circles since it passed the securities act in 1930s.

The Sao act has perfected the loopholes in current American laws in dealing with false financial statements, false financial audits, and destroying financial evidence.

Recently, Federal Reserve Chairman Greenspan praised the Sao bill as an excellent bill combining speed and efficiency.

He said that the Sao act required C EO to take personal responsibility for the company's financial reporting information.

Because they have the greatest decision-making power in American companies, they have the responsibility to advocate moral behavior in the company.

To ensure the ultimate implementation of the Sao act and produce the desired results, the US Congress allocated $98 million to the securities and Exchange Commission in 2003 to employ 200 employees, and supervise the quality of auditors and audit services in full accordance with the requirements of the federal securities law.

At the same time, the bill has imposed extremely severe punishments for irregularities.

　　《薩奧法案》生效以來，已經(jīng)有超過500家美國公司的財務問題被揭露。面對《薩奧法案》，這次美國國際集團恐怕也在劫難逃了。