What are the implications of AIG (AIG) chief Robert Benmosche's pledge to repay the government every last penny (that's $182.5B) and turn profitable? Well, in Q2 AIG turned a profit of $1.82B. So if it can keep that going for another 25 years, and turns every penny over to Uncle Sam ... Anyone holding their breath?[View news story]
The extrapolation does not make sense.As anyone knows, you can raise cash in many ways:
Asset sales, Stock sales and internally generated earnings.
As a taxpaying owner of AIG, I wish him great success. I bet he will pull it off.
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The extrapolation does not make sense.As anyone knows, you can raise cash in many ways:
Aug 21 16:55 pm
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All Comments by Anwar Bhamla »What are the implications of AIG (AIG) chief Robert Benmosche's pledge to repay the government every last penny (that's $182.5B) and turn profitable? Well, in Q2 AIG turned a profit of $1.82B. So if it can keep that going for another 25 years, and turns every penny over to Uncle Sam ... Anyone holding their breath? [View news story]
Asset sales, Stock sales and internally generated earnings.
As a taxpaying owner of AIG, I wish him great success. I bet he will pull it off.