User 264111

AIG Lives Another Day; Shareholders? Not So Much

AIG would have been worth $100B+ in a Chapter 11 breakup sale - that's $25 per share. Plus is the unrealized losses ever move back to the company, that's another $5. With this in mind, this deal appears terrible to shareholders, as the government reportedly gets 80%. Isn't the Board's first job to protect shareholder value???