“Dinallo said C.V. Starr would also have to be evaluated by state regulators if it wanted to bid for AIG insurance units.”
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With this comment and the fact that Greensberg sold all but 10% of his shares makes you wonder if he’s interested in buying the insurance side of AIG. If so, does that wipe out all shares of the current stock if he buys it at auction? I didn’t think the insurance side was going to be sold, but if he’s asking for it, it sounds like they may consider it.
Is this a technique; meaning trick by Hank to shut out the loyal, victimized holders of common shares ?
I hope not, but I likewise hope that Commissioner Dinallo’s eyes are wide open and that the SEC infuses a proviso that the shareholders must be compensated should Hank or any other party succeed in the attempt to save/re-assemble the company
Hank was a micromanaging genius. He knew every last little detail about everything in the company.
And so, if he bids on anything, trust me that I will not be bidding on what remains after his successful bid.
However, AIG needs its good people. I’d imagine 90% of AIG’ers have their resumes on the street. These types of transactions need to be consummated before all the good people have left, leaving only the ones who couldn’t get other jobs.
The most consecutive quarters of growth of any company in market history? I am happy for Hank to buy the company and I would invest immediately.
HANK HAS BEEN CONVICTED OF NOTHING! Remember, it was HOOKER BOY who screwed up the entire company by replacing Hank!!
“Dinallo said C.V. Starr would also have to be evaluated by state regulators if it wanted to bid for AIG insurance units.”
——————————————
With this comment and the fact that Greensberg sold all but 10% of his shares makes you wonder if he’s interested in buying the insurance side of AIG. If so, does that wipe out all shares of the current stock if he buys it at auction? I didn’t think the insurance side was going to be sold, but if he’s asking for it, it sounds like they may consider it.
Is this a technique; meaning trick by Hank to shut out the loyal, victimized holders of common shares ?
I hope not, but I likewise hope that Commissioner Dinallo’s eyes are wide open and that the SEC infuses a proviso that the shareholders must be compensated should Hank or any other party succeed in the attempt to save/re-assemble the company
Give me a break.
Once a felon always a felon, at least in the case of ole Hank.
Hank was a micromanaging genius. He knew every last little detail about everything in the company.
And so, if he bids on anything, trust me that I will not be bidding on what remains after his successful bid.
However, AIG needs its good people. I’d imagine 90% of AIG’ers have their resumes on the street. These types of transactions need to be consummated before all the good people have left, leaving only the ones who couldn’t get other jobs.