Deals
Paulson Tells Hartford CEO McGee to Do ‘Something Drastic’
This article is for subscribers only.
John Paulson, the billionaire hedge fund manager who controls the largest stake in Hartford Financial Services Group Inc., told Chief Executive Officer Liam McGee he must take action to reverse the insurer’s stock slide.
“Hartford needs to do something drastic because the stock is the lowest valuation relative to book value of any major insurance company,” Paulson said today on a conference call for analysts and investors held by Hartford, which is based in the Connecticut city of the same name.