This must be a classic case of saying one thing and doing another. Hank Greenberg reportedly raised $129m by selling down his stake in AIG (AIG) whilst extolling the virtues of the company.
My view: ‘Actions speak louder than words’, the basis and reason for my analysis of directors dealings.
You must read FT Alphavilles article on this share sale. Click here.
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September 29, 2008 at 4:34 pm
Weekly Review - September 28th: ITV, Axis Shield, Rathbone, Reckitt, RBS, AIG, Tate and Lyle « followthedirectors… a study of directors share dealings
[…] AIG (AIG) – no signal- my thoughts on Hank Greenberg reportedly selling shares in AIG whilst lending his support to the ‘rescue’. […]