AIG Shares Soar on New CEO’s Bold Claims

AIG shares soared over 21% on volume of nearly 132 million shares Thursday after new CEO Robert Benmosche halted the auction of the firm’s investment advisory unit and made some very aggressive statements in an interview on Bloomberg TV.

“We believe we will be able to pay back the government and we hope we will be able to do something for our shareholders as well,” Benmosche told Bloomberg TV in an interview from Croatia, where he owns a vacation home.

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