News

Hank Greenberg Loves The Treasury’s AIG Exit Plan

No, just messing. He thinks it sucks, big time.

“I think that’s disgraceful to say they don’t want me or shareholders to make money,” Greenberg told Deal Journal about the Treasury’s reported efforts to carefully select the price of converting its $49 billion in AIG preferred shares into what will be a 92% stake in AIG’s common stock. “It sounds like the old Soviet Union,” Greenberg said in another interview today. “When the government starts deciding who should make a profit and who should not, if you invested in a company, what kind of a message does that send?…I think it’s going to take years, maybe a decade or more, for [the government] to sell down over 90% of the company…I’m not going to spend even a nickel to buy any more shares with the government owning so much stock.” [Deal Journal]

42 comments
(hidden for your protection)
Show all comments

42 Responses to “Hank Greenberg Loves The Treasury’s AIG Exit Plan”

  1. Anti DB says:

    Irony
    Next to post a comment is a link for top ten ways workers waste time online

  2. danker banker says:

    Soiling your depends is the new killing it

  3. Mathman Prophecy says:

    DEMOCRATIC
    You have two cows.
    Your neighbor has none.
    You feel guilty for being successful.
    Barbara Streisand sings for you.

    REPUBLICANISM
    You have two cows.
    Your neighbor has none.
    So?

    SOCIALIST
    You have two cows.
    The government takes one and gives it to your neighbor.
    You form a cooperative to tell him how to manage his cow.

    COMMUNIST
    You have two cows.
    The government seizes both and provides you with milk.
    You wait in line for hours to get it.
    It is expensive and sour.

    CAPITALISM
    You have two cows.
    You sell one, buy a bull, and build a herd of cows.

    AMERICAN BUREAUCRACY
    You have two cows.
    Under the new farm program the government pays you to shoot one, milk the other, and then pours the milk down the drain.

    AMERICAN CORPORATION
    You have two cows.
    You sell one, lease it back to yourself and do an IPO on the 2nd one.
    You force the two cows to produce the milk of four cows. You are surprised when one cow drops dead. You spin an announcement to the analysts stating you have downsized and are reducing expenses.
    Your stock goes up.

    FRENCH CORPORATION
    You have two cows.
    You go on strike because you want three cows.

    JAPANESE CORPORATION
    You have two cows.
    You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk.
    They learn to travel on unbelievably crowded trains.
    Most are at the top of their class.

    GERMAN CORPORATION
    You have two cows.
    You engineer them so they are all blond, drink lots of beer, give excellent quality milk, and run a hundred miles an hour.
    Unfortunately they also demand 13 weeks of vacation per year.

    ITALIAN CORPORATION
    You have two cows but you don’t know where they are.
    While ambling around, you see a beautiful woman.
    You break for lunch.

    RUSSIAN CORPORATION
    You have two cows.
    You have some vodka.
    You count them and learn you have five cows.
    You have some more vodka.
    You count them again and learn you have 42 cows.
    The Mafia shows up and takes over however many cows you really have.

    TALIBAN CORPORATION
    You have all the cows in Afghanistan , which are two.
    You don’t milk them because you cannot touch any creature’ s private parts.
    You get a $40 million grant from the US government to find alternatives to milk production but use the money to buy weapons.

    POLISH CORPORATION
    You have two bulls.
    Employees are regularly maimed and killed attempting to milk them.

    BELGIAN CORPORATION
    You have one cow.
    The cow is schizophrenic.
    Sometimes the cow thinks he’s French, other times he’s Flemish.
    The Flemish cow won’t share with the French cow.
    The French cow wants control of the Flemish cow’s milk.
    The cow asks permission to be cut in half.
    The cow dies happy.

    CALIFORNIA CORPORATION
    You have millions of cows.
    They make real California cheese.
    Only five speak English.
    Most are illegals.
    Arnold likes the ones with the big udders

  4. Asgasd says:

    i think the message is don’t invest in shit companies

  5. Actually an ex-AIG guy says:

    Why would Hank buy more shares? Doesn’t he own enough worthless paper?

  6. Bob says:

    In Soviet Russia…oh wait he said it already.

  7. 2QKzPu Looking forward to reading more. Great blog article.Really looking forward to read more. Really Cool.

  8. Thanks for sharing, this is a fantastic article. Cool.

  9. This is a wonderful website. The site owner has carried out a superb job of putting it together, the info here is really insightful.

  10. bird removal says:

    Really enjoyed this article.Thanks Again. Awesome.

  11. Thanks again for the article post.Thanks Again. Want more.

  12. Very good blog post. Great.

  13. wow, awesome post.Much thanks again. Want more.

  14. diversão says:

    Im thankful for the blog post.Much thanks again. Keep writing.

  15. Thanks a lot for the blog post.Much thanks again. Really Cool.

  16. Thanks again for the article post. Fantastic.

  17. I really liked your blog.Thanks Again. Awesome.

  18. copywriter says:

    A round of applause for your blog article.Thanks Again. Cool.

  19. Im obliged for the blog.Really thank you! Cool.

  20. Usher says:

    Im grateful for the blog article.Thanks Again. Awesome.

  21. Im thankful for the blog post.Much thanks again. Fantastic.

  22. Great blog article. Will read on…

  23. Say, you got a nice blog post.Much thanks again. Keep writing.

  24. QfZkk0 Im obliged for the blog article.Thanks Again. Want more.

  25. Well this is usually a handy way of removing them if you need to

  26. I think this is a real great article post.Really thank you! Want more.

  27. Awesome article post.Really thank you! Awesome.

  28. I think this is a real great blog. Keep writing.

  29. Major thanks for the blog.Much thanks again. Want more.

  30. procera says:

    I am so grateful for your post.Really thank you! Fantastic.

  31. Hey, thanks for the article.Thanks Again. Keep writing.

  32. Enjoyed every bit of your article post. Keep writing.

  33. Hey, thanks for the article.Really thank you! Really Cool.

  34. Thanks again for the article post.Much thanks again. Keep writing.

  35. bathmate says:

    Muchos Gracias for your post.Really thank you! Will read on…

  36. E Lites says:

    Thank you for your article post.Really thank you! Fantastic.

  37. fashion says:

    A round of applause for your blog post. Cool.

  38. Really enjoyed this blog.Thanks Again.

  39. Really informative article. Will read on…

  40. I value the blog.Much thanks again. Much obliged.

  41. Very neat blog.Really thank you!

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •