Everybody’s been making money from AIG except its shareholders
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much.
AIG shares have lost 1.6 percent since the day of the U.S. government rescue, compared with a 98 percent gain in the S&P 500 Index. In the same period, Wall Street banks led by Morgan Stanley have collected an estimated $740 million in fees for h ...
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