Donald Light Quotations

Unless prosecutors win the cooperation-through whatever means of the people below Buffett and Greenberg, it is unlikely that their reach will extend to them.

Whenever you remove uncertainty, it's a good thing. On the downside, they will still have to deal with private shareholders' suits.

From the viewpoint of mass tort law firms, this is a gift from heaven: a huge number of people who have suffered terrible losses, with 24X7 media exposure.

The question going forward is do you trade directors with 100 percent purity but facing a steep learning curve with those that are competent and seasoned board members? I would say until proven guilty, you keep working with those you have.

The public sector is by far the largest investor globally in basic research to discover important new drugs and vaccines.

Both of these individuals are 'fix-it' guys with consulting backgrounds.

Both companies are dedicated to advancing to a broader array of investment products. This merger will give them bulk and more marketing channels.

Brokers and carriers have to make sure the right disclosures were made by the right people at the right time-and that they can document it.

A number of companies are going to be looking at continuing a presence there with real reluctance. State governments are going to have to figure out incentives and guarantees to minimize departures.

Auditors are in a grey area and they are more replaceable,

They have had more success than other foreign insurers, because of their history. To win in that market depends on being able to win the regulator game. A high-level government official is going to help.

They are taking a hit now with the expectation of this settlement on market timing.

It's a big amount of money even for a huge company like AIG to have to pay out.

It was their swan song, and it was a good one.

The big legal question mark over the company has been resolved. But there are a number of private law suits still out there.

If you can fund a deferred compensation program for senior executives using a pool of assets that's in effect found money, you're much better off.

Insurance companies need to take a close look at CAT modeling and geographic exposure. Although insurance companies have come a long way since 9-11, they still need to visit and revisit once again how they are using CAT modeling.

The industry weathered Katrina, but if Rita comes ashore as a Category 4 or 5 storm, it would cast doubt on the solvency of some insurance companies and deplete the surplus capital for others.

The market is impressed that Liddy is taking decisive action.