Reactions to story from Daily Intelligencer - New York Magazine
AIG's Mess Continues, Right in the Middle of Spring Cleaning
http://nymag.com/ daily/ intel/ 2008/ 05/ aigs_mess_continues_right_in_t.html
FINANCE ⢠AIG posts $7.8 billion in losses this quarter, dwarfing the $5.8 billion they recorded last quarter (and you thought $5.8 billion was a number that couldn't be "dwarfed"). The insurance giant will be raising $12.5 billion in capital. [WSJ] ⢠Vikram Pandit is still engaged in spring cleaning at Citigroup. Sell, sell, sell! [NYT] ⢠"Shame on you! You lied!" says one Bear employee to his bosses. "And, of course, the loyal employees your glib lies hurt the most are those who earned the least, the Associates." [DealBreaker] MEDIA ⢠Hachette clears out fifteen staffers from its digital organization.
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AIG’s Mess Continues, Right in the Middle of Spring Cleaning
http://itfinances.net/2008/05/09/aigs-mess-continues-right-i...Finance, Economy-Business News, Stock Market wrote an interesting post today on Here’s a quick excerpt FINANCE • AIG posts $7.8 billion in losses this quarter, dwarfing the $5.8 billion they recorded last quarter (and you thought $5.8 billion was a number that couldn’t be “dwarfed”). The insurance giant will be raising $12.5 billion in capital. [WSJ] • Vikram Pandit is still engaged in spring cleaning at Citigroup. Sell, sell, sell! [NYT] • “Shame on you! You lied!” says one Bear employee to his bosses. “And, of course, the loyal employees your glib lies hurt the most are those who earned the Read the rest of this great post here
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