Howard Sosin was born in Illinois, and for a time was an associate professor at the Columbia Business School.[citation needed] He spent his early career at Bell Labs and subsequently moved to Drexel Burnham Lambert. In 1987, claiming to have "a better model for valuing interest rate swaps," he and two colleagues left Drexel to found American International Group Financial Products, where they took advantage of a triple-A balance sheet to pioneer the creation of many long-dated over-the-counter derivative products.[1] Sosin left AIG in 1993 after a falling out with Chairman Maurice "Hank" Greenberg.[2]
References
edit- ^ "The Man Who Crashed the World | Vanity Fair | August 2009". Vanity Fair | The Complete Archive. Retrieved 2021-04-08.
- ^ Dennis, Robert O'Harrow Jr and Brady (2008-12-29). "The Beautiful Machine". ISSN 0190-8286. Retrieved 2021-04-08.
External links
edit- Howard Sosin's Plan to Return Insolvent Banks to Financial Health - Big Think
- The World According to Lee Wakeman Archived 2006-12-12 at the Wayback Machine - on Howard Sosin and financial derivatives
- Cheating Wife Awarded More Than $40M - San Francisco Chronicle
- Wife Cheats on Husband, Gets $40M in Divorce - FOX News
- Settlements and Verdicts:Howard Sosin - Lawyers and Settlements
- Record $24m awarded in divorce - Connecticut Post
- The Beautiful Machine - The Washington Post
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