AIG Hasn’t Set Dividends or Buybacks, CEO Benmosche Tells CNBC
By -
Dec 20, 2012
American International Group Inc. (AIG), the insurer that repaid a U.S. bailout, may buy back shares and pay a dividend “down the road,” Chief Executive Officer Robert Benmosche said on CNBC.
“I have not set a date on it,” Benmosche said today in an interview on the cable channel. “I will do it when everybody is absolutely confident that we have sufficient liquidity for any stress that you want to imagine.”
To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net