TITLE

Greenberg's Task - Trying to Save AIG

AUTHOR(S)
Dankwa, David
PUB. DATE
December 2008
SOURCE
Best's Review;Dec2008, Vol. 109 Issue 8, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan of Maurice Greenberg to save American International Group Inc. (AIG), the once-mighty corporation which has lost 90% of its value. According to him, AIG must sell its assets within five years to pay off its loans, including a $40 billion loan in preferred stock at 10% interest. Furthermore, the second bailout plan considers some of the recommendations to get AIG out of its financial mess.
ACCESSION #
35720092

 

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