https://uk.reuters.com/article/fortitudegroup-ma-carlyle-group/aig-to-sell-stake-in-fortitude-re-for-18-bln-idUKL4N2854EE
3 replies (most recent on top)
They are just trying to improve the overall book for the Shareholders. Numbers will improve, stock goes up and we all win. increased salaries, real bonus, Great Place to work.
Oh, I just woke-up
Old Legacy Business. Sell it before people dig into it. Probably took a loss on the sell but unloaded some unwanted employees making too much money for the new management team.
I bet upper management uses the money to pay themselves huge bonuses for making the sell, and buys several new jets. What do you think that our management will do with the money?