AIG Getting Another Boost (AIG)

Posted in General 
August 27th, 2009

American International Group (NYSE: AIG) is trading up sharply on additional short squeezes… There are reports that the new CEO Benmosche has talked with founder Hank Greenberg on efforts to help rescue the firm. Also, Obama’s pay czar is set to formally approve the high pay package for AIG’s new CEO as soon as next week. Interestingly enough, we had this penciled in as already having been approved. But shares rose at the end of the day yesterday and we now have shares trading up 11% at $41.90 on over 2.1 million shares as of 8:45 AM EST. -JON OGG

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