“we dont sell things, we build them”?… looking forward to see the insurance operations’ combined ratio next earnings release. maybe this time, they’ll have the cohones to have a conference call and answer analyst questions….
The med’s he is on is called stock options. Have you seen the increase in AIG today. up 18% in one day. Not bad for one news conference. I would guess he will excercise one of the options before the next earnings release. Half of his new salary approved by our new socialist “Pay Csar” is based on stock options. Just make sure you sell your AIG stock when Mr. CEO Robert Benmosche sells his.
I vote with Bill.
-I’ll sell my shares when/if he does.
But suppose..(just suppose, guys) he turns the mf around, pays off Uncle Sam & this gooses-up the price of the stock.
-Hey: lots of you nay-sayers have to admit…-it ain’t going the way of GM..
This paper went from .50 cents to today’s $32.37
So just WHAT does it take to show you AIG can & will make it.
( yeah, & I’m gonna be ready with an answer for ya !)
I’m just a shareholder , not an officer or employee of AIG
insurance-wise(which is what he wants to keep and grow), they’re not going the right direction. combined ratio popping, premium written dropping(not in a good way-losing good business, keeping bad); their “name” is tarnished and they need to make up for it. stock price-wise, it could pop short term(i.e. 1-2 years) but be aware of their insurance operations disgressing; i hope i’m wrong(i also partake in that 80% ownership);
First off……this guy just started Aug. 10 and he’s already on vacation in Croatia?
Second….the price of AIG shares didn’t run up 20% in a day b/c this guy’s Dr. Feelgood speech enlightened traders. It was a short squeeze.
Third….when their insurance units pricing catches up with them in the form of mounting losses, we’ll see just how strong they are. Look for those combined ratios to jump big time in future. Pricing risks 30% below an already soft market just to keep money flowing in will come back to haunt them.
Congratulations. You can read/use google to find a number. Care to provide some detail to prove me wrong?
How much premium was lost to the competition or retained at reduced rates just to keep money coming in the door. You cannot write business at 30% below the competition for long and expect no negative consequences…ie higher combined ratios. Eventually it will bite them in the behind.
If my information was incorrect as stated, then correct me. What specifically did I state that was false?
I’m not looking for an e-war. If i’m wrong, show me where so I don’t make the same mistake twice.
So your business with them is indicative of what they’re doing on every account? Makes sense. I’m not privy to any information. I just go by what I see in the marketplace on a daily basis and what I gather from agents in the field. I’m not the only one to comment on it either.
Do you really think the ticket to paying back all the govt. lifelines is to cut rates to save already underpriced business?
You honestly believe the stock ran up 26% in 1 day b/c investors thought it was a great pick? If it were a great stock, why all the action with Sept $14 puts? Perhaps you need to stop taking stock advice from Jim Cramer.
Again, you keep saying i’m incorrect yet provide no concrete facts to support your argument.
When did I ever claim to know everything? There’s plenty of people who know more than I do. This isn’t about who’s the smartest. This is about the fundamentals of business.
I made a few statements, you both told me to go back to my cubicle. I asked you to point out where I was wrong and to provide supporting facts for your argument which you haven’t done.
I’m encouraging you to support your statements, yet instead you make childish comments instead. We can go back and forth all day but somehow I don’t think IJ readers want to hear it.
If you’re going to state that i’m incorrect, then the least you could do is correct me where necessary and explain your point of view. Is that too much to ask or are you just biting your tongue b/c your argument has more holes than a block of swiss cheese?
To the rest of the readers, have a great weekend and I apologize if my posts may have stepped on any toes. It wasn’t my intention.
What kind of meds is he on? I want some!
Me too!
“we dont sell things, we build them”?… looking forward to see the insurance operations’ combined ratio next earnings release. maybe this time, they’ll have the cohones to have a conference call and answer analyst questions….
The med’s he is on is called stock options. Have you seen the increase in AIG today. up 18% in one day. Not bad for one news conference. I would guess he will excercise one of the options before the next earnings release. Half of his new salary approved by our new socialist “Pay Csar” is based on stock options. Just make sure you sell your AIG stock when Mr. CEO Robert Benmosche sells his.
I’ll believe Benmosche “when me sh&t turns purple and smells like rainbow sherbert”…
I vote with Bill.
-I’ll sell my shares when/if he does.
But suppose..(just suppose, guys) he turns the mf around, pays off Uncle Sam & this gooses-up the price of the stock.
-Hey: lots of you nay-sayers have to admit…-it ain’t going the way of GM..
This paper went from .50 cents to today’s $32.37
So just WHAT does it take to show you AIG can & will make it.
( yeah, & I’m gonna be ready with an answer for ya !)
I’m just a shareholder , not an officer or employee of AIG
insurance-wise(which is what he wants to keep and grow), they’re not going the right direction. combined ratio popping, premium written dropping(not in a good way-losing good business, keeping bad); their “name” is tarnished and they need to make up for it. stock price-wise, it could pop short term(i.e. 1-2 years) but be aware of their insurance operations disgressing; i hope i’m wrong(i also partake in that 80% ownership);
First off……this guy just started Aug. 10 and he’s already on vacation in Croatia?
Second….the price of AIG shares didn’t run up 20% in a day b/c this guy’s Dr. Feelgood speech enlightened traders. It was a short squeeze.
Third….when their insurance units pricing catches up with them in the form of mounting losses, we’ll see just how strong they are. Look for those combined ratios to jump big time in future. Pricing risks 30% below an already soft market just to keep money flowing in will come back to haunt them.
Go back to your cubicle Astro. You have your facts wrong.
Prove me wrong and I’ll retreat to a cubicle.
Second quarter 2009 adjusted net income was $2.0 billion. Beat that. Go now.
Congratulations. You can read/use google to find a number. Care to provide some detail to prove me wrong?
How much premium was lost to the competition or retained at reduced rates just to keep money coming in the door. You cannot write business at 30% below the competition for long and expect no negative consequences…ie higher combined ratios. Eventually it will bite them in the behind.
If my information was incorrect as stated, then correct me. What specifically did I state that was false?
I’m not looking for an e-war. If i’m wrong, show me where so I don’t make the same mistake twice.
Their rate change is not -30%. On my business with them it’s -2%. Are you privy to insider information? If not, crawl back in your hole.
So your business with them is indicative of what they’re doing on every account? Makes sense. I’m not privy to any information. I just go by what I see in the marketplace on a daily basis and what I gather from agents in the field. I’m not the only one to comment on it either.
Do you really think the ticket to paying back all the govt. lifelines is to cut rates to save already underpriced business?
You honestly believe the stock ran up 26% in 1 day b/c investors thought it was a great pick? If it were a great stock, why all the action with Sept $14 puts? Perhaps you need to stop taking stock advice from Jim Cramer.
Again, you keep saying i’m incorrect yet provide no concrete facts to support your argument.
Pot, Kettle, Black.
YOU are assuming an awful lot.
You must run a company, given your superior insight.
When did I ever claim to know everything? There’s plenty of people who know more than I do. This isn’t about who’s the smartest. This is about the fundamentals of business.
I made a few statements, you both told me to go back to my cubicle. I asked you to point out where I was wrong and to provide supporting facts for your argument which you haven’t done.
I’m encouraging you to support your statements, yet instead you make childish comments instead. We can go back and forth all day but somehow I don’t think IJ readers want to hear it.
If you’re going to state that i’m incorrect, then the least you could do is correct me where necessary and explain your point of view. Is that too much to ask or are you just biting your tongue b/c your argument has more holes than a block of swiss cheese?
To the rest of the readers, have a great weekend and I apologize if my posts may have stepped on any toes. It wasn’t my intention.