People don’t like layoffs and sales of assets, but if that’s what it takes to save the core business then it needs to be done. They’re smart to stay focused on the core business of what they do best and divest themselves of everything they don’t do best. AIG will hurt for a while but should be stronger after this.
Too bad there won’t be any Sacred Cows…they definitely make the best hamburgers.
Mr. Willumstad from the fire (CitiGroup) into the fire (AIG).
What kind of job did he do for Citi?
They’re in good shape now, yes?
Sure, after he slashed and burned the place. Beaucoup layoffs.
Bring back Hank
I like the terms “risky mortgage BETS” Caps are mine. Interesting!
People don’t like layoffs and sales of assets, but if that’s what it takes to save the core business then it needs to be done. They’re smart to stay focused on the core business of what they do best and divest themselves of everything they don’t do best. AIG will hurt for a while but should be stronger after this.