AIG CEO Robert Benmosche: $10B+ Profit For Taxpayers

Will taxpayers come out ahead when AIG AIG settles its debt? Company CEO Robert Benmosche says that yes – and by about $10 billion. In fact, Benmosche told CNBC that taxpayers could see a $15 billion profit. Benmosche also said that higher value for AIG's shares would be beneficial to taxpayers, but it is up to the government to decide when the sale should occur. “We're working to get the company right and get our performance right” for the sale, Benmosche said.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCLong IdeasNewsShort IdeasMovers & ShakersPoliticsTrading IdeasGeneralAIGCNBCFinancialsMulti-line InsuranceRobert Benmosche
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!