Insight and investigations from our expert reporters
Making money for taxpayers from AIG?
The U.S. Treasury plans two large AIG stock sales in 2011 and is mulling ways to maximize its returns as it extricates itself from the unpopular bailout, we reported today in our special report “Inside AIG’s tortuous turnaround.”
Overall, a stock sale at more than around $30 per share would leave the Treasury with a hefty profit. Currently, AIG is trading above its book value of $48.24 per share as of Sept. 30.
So how much could the Treasury make on its stake? Click on the graphic below for an interactive showing some of the scenarios for how much money the Treasury might make.
As an aside, one of the more curious things Paritosh Bansal, Kristina Cooke, David Lawder and Ben Berkowitz got their hands on for the story was this photograph – AIG was so worried at the height of the bailout about the safety of its staff that it changed its identity cards in the spring of 2009, replacing the familiar logo with a design that left off the company’s name.
This is the before and after shot provided by AIG:
CEO Bob Benmosche was proud to say they have now reinstated the AIG logo.
To read the special report in multimedia PDF format, click here.