A reconciliation between AIG and its former CEO has had an instantly beneficial effect on the insurer’s stock performance, according to Bloomberg. Current CEO Robert Benmosche said in a recent interview that, after taking his new job, he spoke with Maurice “Hank” Greenberg regarding AIG’s future. Benmosche said the former AIG chief is a valuable asset in moving the company out of the losses suffered through the recession. AIG’s stock responded favorably to the news of the talk, with share prices opening this morning at almost $53, up about 40 percent from its closing price on Wednesday.
Improved AIG-Greenberg Relations Boost Stock
AIG’s current CEO has opened a dialogue with Hank Greenberg.
August 28, 2009