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AIG's new CEO says can't repay government in full anyway, in no rush to start

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w¡n9Nµ7 §£@¥€r   123

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As shares of American International Group Inc. continued to ascend Thursday, newly minted Chief Executive Robert Benmosche said he is taking a far more patient approach than his predecessor toward selling assets to repay the government.

He is willing to wait as long as three years, he said, to offer stakes in two multibillion-dollar foreign units that the insurer had been racing to spin off.

...

After analyzing all of AIG’s businesses, Mr. Benmosche said, he determined the company wouldn’t be able to repay the government even if it sold everything.

http://seekingalpha.com/article/158876-aig...ig?source=yahoo

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