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Market Currents

Thursday, November 12, 2009
8:08 AM TweetThis
  • AIG (AIG) CEO Robert Benmosche tells employees in an internal memo he remains "totally committed to leading AIG through its challenges" despite his frustrations with government curbs on compensation. Benmosche also called the government's limits a "barrier" that "stand in the way of restoring AIG's value" and repaying its debt.

This news story has 4 comments:

  •  
    Talk about having your focus in the wrong place.
    Nov 12 08:25 AM | Link | Reply
  •  
    Quick somebody. Tell the Tsar one of the Kulaks is getting uppity. Benmosche should be exiled to...I was going to write "Siberia." Anwar?
    Nov 12 08:51 AM | Link | Reply
  •  
    I wish someone would remond this asshole that the government is not a "barrier"; the goverment is their "saviour."
    Nov 12 09:04 AM | Link | Reply
  •  
    Even after the CDS trading disaster, brought on, basically, by two traders in the UK, out tens of thousands of employees, AIG remains the world's third largest insurance company. As it recovers, it may well regain number one.

    Just yesterday, Moody's announced that it expected AIG to pay back the government in full.

    Yet, there remain the perpetually antagonistic, who wish to see the company fail, tens of thousands added to unemployment, and the economy and markets taken down in the backwash. Fortunately, such misguided desire doesn't control real-world events. (It does, however, probably prevent those holding such views from making any money in the markets.)
    Nov 12 09:19 AM | Link | Reply
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