"It's hard to go wrong when you buy dollar bills for $0.80," says The Oracle. "Mr. Benmosche, you'd be buying them for $0.63," says Todd Sullivan, urging the AIG CEO to launch a share repurchase rather than dividends or debt repayment. Those squawking for a dividend don't know what's best for them or the company, says Sullivan. A $10B buyback would provide a 40-50% return on the firm's capital - no dividend plan can match that.
"It's hard to go wrong when you buy dollar bills for $0.80," says The Oracle. "Mr. Benmosche,...
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