The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

“Mad Man” Miller Now at AIG

Jul 19, 2010

Robert “Steve” Miller, the wrecker-in-charge of destroying thousands of jobs at Bethlehem Steel, Chrysler, and Delphi Corporation, is now rewarded with a new position: chairman of AIG.

AIG is the giant insurance company that was tied up with Goldman Sachs in getting government bailouts when their financial speculations collapsed the economy.

Miller has a long history. He was Lee Iacocca’s right-hand man when Chrysler used its 1980 “brush with bankruptcy” to downsize the company and jam the first major round of auto concessions down workers’ throats.

In 2003, under Miller, Bethlehem Steel used bankruptcy to sell off the company and dump Bethlehem’s pension responsibilities into the Pension Benefit Guaranty Corporation.

Delphi Corporation under Miller was a GM shell game from the start. It was first spun off to separate its workers from GM’s books. In 2005, Miller became CEO. Soon known as “Mad Man” Miller, he supervised Delphi’s run through bankruptcy. That bankruptcy, and additional spin-offs, wiped out thousands of jobs, cut back the workers’ accumulated pensions and benefits, and opened up the industry-wide two-tier assault on auto workers.

With all this “experience” going for Miller at AIG, the AIG workforce and the taxpayers have plenty to fear!