Skip to comments.AIG boosts dividend, to cut workforce by 3%
Posted on 02/13/2014 2:37:48 PM PST by Kid Shelleen
American International Group Inc. boosted its common-stock dividend and share-repurchase target in the latest sign of the insurers improved fortunes since a government bailout, as it swung to a fourth-quarter profit in the absence of major catastrophes. --snip-- In 2008, AIG was at the center of a crisis that nearly toppled the financial system with bad bets on the housing market and received one of the governments biggest bailout packages, since fully repaid. The company is roughly half the size it was before the crisis following a large number of divestitures, but remains one of the worlds largest property-and-casualty insurers, and has one of the biggest life-insurance businesses in the U.S.
(Excerpt) Read more at marketwatch.com ...
Only 3%. Why not 20?
The two are unrelated.
It is the obligation of every business to make money, not to employ people.
I agree with that, but the Obama objective seeming to be to destroy as many jobs as possible, and in this environment, I don’t necessarily see these goals playing out to be a positive.