The New York Times. 2008/09/12. Page C1 – This article reports that on September 25 Robert Willumstad, AIG’s chief executive, is expected to announce a master plan to turn the company around.
StreetTalk ™ has heard that AIG may, or not – it’s hearsay, place all its’ “at risk” (that business with potential challenges) into a new company leaving the old AIG with a clean slate. This makes some sense but what will the impact be on shareholders?
Since Willumstad succeeded Martin Sullivan as head of the company in June, AIG’s stock has declined by nearly 50 percent.
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