Click the images to enlarge and read the text that promises, among other things:
Put your mind at ease. With the AIG companies, you're tapping into more than 85 years of wisdom and expertise that can help make your retirement savings last."
And be sure not to miss the irony of the tag line, "The strength to be there."
From Kiplinger's, August 2008:
From Money, September 2008:
From Kiplinger's, November 2008:
Did AIG know it was going under when these ads ran? I don't know, but I can make some educated guesses.
First of all, AIG probably reserved advertising space in the magazines at least six months in advance, even more if they wanted to negotiate a really good price.
Second, the finished ads were probably delivered to the publications electronically at least three months before the date on the publication. So the ad in the November Fortune was probably a done deal back in July/August.
Third, if an advertising and/or media agency were involved, they didn't have a clue. Advertising agencies don't get paid in advance. So even if you think advertising people are scum you can understand that an advertising agency would not do work for a company that was not likely to be able to pay its bills.
Fourth, I bet the advertising/marketing department at AIG was one of this first departments to lay off a lot of people.
Ironically, most business books, marketing classes and MBA programs advise that when your company is struggling you should INCREASE your advertising/marketing budget. Well, duh. When you need to increase sales just to stay in business, of course you should step up your promotional efforts. Yet, in practice, when most companies hit tough times the first cut they make is to their advertising/marketing budget.