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"At the end of the day, we believe we will be able to pay back the government and we hope we...

"At the end of the day, we believe we will be able to pay back the government and we hope we will be able to do something for our shareholders as well." - new AIG CEO Robert Benmosche, on vacation in Croatia. Shares are up 29%.
Comments (7)
  • Moses
    , contributor
    Comments (109) | Send Message
     
    I think this speaks for what the markets and even the entire money management world has become when a CEO can make immaterial remarks while on vacation and the stock soars 30%.
    20 Aug 2009, 11:00 AM Reply Like
  • Moses
    , contributor
    Comments (109) | Send Message
     
    Not to mention he hasn't even worked a week yet as CEO since he took the job. What the hell does he know?
    20 Aug 2009, 11:01 AM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    Amen Moses. I would buy MORE AIG then can his ass after remarks like that.
    20 Aug 2009, 11:09 AM Reply Like
  • enigmaman
    , contributor
    Comments (2686) | Send Message
     
    180Billion IOU and he says after one week on job and all vacation that they BELIEVE will be able to pay back Fed Gov and HOPE can do something for shareholders.

     

    Believe and Hope is straight out of the Obama play book CEO gets when they have a gov IOU chit, no wonder the stock is up 30%

     

    20 Aug 2009, 11:09 AM Reply Like
  • Archman Investor
    , contributor
    Comments (2353) | Send Message
     
    Yeah, now the gamblers (er, I mean shareholders, you know the ones who bought and bought all the way down from $100 a few years ago)
    are now only down 99.3% instead of down 99.9%.
    Investing at its finest!
    20 Aug 2009, 11:16 AM Reply Like
  • montanamark
    , contributor
    Comments (1434) | Send Message
     
    good comedy. maybe ben can print some dollars, give them to AIG and then AIG can pay back Ben, GS can then note the good news and upgrade AIG
    20 Aug 2009, 12:26 PM Reply Like
  • cbc
    , contributor
    Comments (411) | Send Message
     
    exactly!

     

    On Aug 20 12:26 PM montanamark wrote:

     

    > good comedy. maybe ben can print some dollars, give them to AIG and
    > then AIG can pay back Ben, GS can then note the good news and upgrade
    > AIG
    20 Aug 2009, 12:35 PM Reply Like
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