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• Article | Foreign Policy | February 27, 2013

  Don't Trust Anyone Over 70: Why Old Leaders Are Dangerous.

  Gautam Mukunda

  Citation:

  Mukunda, Gautam. "Don't Trust Anyone Over 70: Why Old Leaders Are Dangerous." Foreign Policy (February 27, 2013).

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• Article | Washington Post, On Leadership Blog | January 22, 2013

  Obama's Leadership Shift on Values

  Gautam Mukunda

  Citation:

  Mukunda, Gautam. "Obama's Leadership Shift on Values." Washington Post, On Leadership Blog (January 22, 2013).

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• Case | HBS Case Collection | 2012

  Gerry Pasciucco at AIG Financial Products (A)

  Gautam Mukunda and Thomas J. DeLong

  Gerry Pasciucco was appointed to lead American International Group's Financial Products (AIGFP) group after the government bailout of AIG in 2008 and charged with the task of shutting down the division while minimizing the government's losses. AIGFP's failed trades had threatened to bring down the entire company, and the government had responded by loaning AIG $182 billion in exchange for 79.9% of the company, because it feared that AIG's failure could trigger the collapse of the entire global financial system. Several months into his tenure, the division paid large retention bonuses to all of its professionals according to a contract negotiated before he joined AIGFP. These bonuses were seen by the public as going to the very people whose mistakes resulted in the need for a bailout in the first place and resulted in an unprecedented storm of public outrage, culminating in a Congressional hearing in which AIG's CEO, Ed Liddy, was repeatedly attacked for making the bonus payments. Liddy responded by asking people who had received the largest payments to return the money to the company. Now Pasciucco has to decide how to lead his team through this crisis while grappling with the larger issues of the justice of the retention payments.

  Keywords: Corporate Accountability; Ethics; Crisis Management; Financial Crisis; Management Teams; Business and Government Relations; Financial Services Industry; United States;

  Citation:

  Mukunda, Gautam, and Thomas J. DeLong. "Gerry Pasciucco at AIG Financial Products (A)." Harvard Business School Case 413-059, November 2012.

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