Seeking Alpha

Benmosche talks succesion

  • "The board is going to have to make that decision," says AIG chief Bob Benmosche after being asked if the company is considering replacement candidates from inside or outside the firm when he steps down early next year.
  • As for AerCap (AER) - of which AIG will be a 46% owner in following the ILFC sale - Benmosche expects to hold onto the stake for at least the next couple of years, reminding AIG needs to know what it's going to do with the money before it sells.
  • Separately, Leon Cooperman - in a CNBC appearance - again touted the insurer, reminding the stock can be purchased for 80% of book value, and the company should be able to achieve ROE of 10% and earnings of more than $6 per share.
Comments (2)
  • BAHAMAS1
    , contributor
    Comments (1801) | Send Message
     
    Cooperman talking today about a conservative 16X's for the market makes AIG at least $96 + on a $6 + earnings.
    10 Mar, 04:53 PM Reply Like
  • philipmax
    , contributor
    Comments (250) | Send Message
     
    I am casting my ballot with this great company. Benmoshe has done a fantastic job of reviving this giant. It is roaring now, and I look forward to a dazzling performance in the coming years.
    10 Mar, 11:57 PM Reply Like
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