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If we were simple, we wouldn't be AIG, CEO Bob Benmosche tells Bloomberg. On the just-concluded...

If we were simple, we wouldn't be AIG, CEO Bob Benmosche tells Bloomberg. On the just-concluded earnings call, the company didn't give a ton of guidance to those looking for dividends. Management wants to do it, and notes the new class of shareholders a dividend would bring in, but will take its time about it. Shares +4%. (earnings) (presentation)
Comments (2)
  • Skull & Bones
    , contributor
    Comments (59) | Send Message
     
    AIG should have exploited the legal system to the fullest and sued the US Government for "heavy handed" treatment during the Financial Crisis. Corporations have a fiduciary duty to their shareholders to be profit maximizers and AIG proved to be "boot lickers" instead. Too bad since the BILLIONS they may have successfully won in the courts could have gone a long way to compensating the "original" shareholders who were wiped out during those "dark days" in 2008. It was a shame what the US Government did to AIG, Lehman Brothers, et al. Just makes me wonder what kind of country we live in!
    22 Feb 2013, 10:04 AM Reply Like
  • ahouseoforange
    , contributor
    Comments (321) | Send Message
     
    Patience, patience......give them some time my goodness these guys have done a terrific job so far. Making sure the regulator is OK with their capital ratios is the best move right now. The latter will be settled in the next few months and a dividend could be in the cards no doubt by late summer.
    22 Feb 2013, 01:19 PM Reply Like
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