Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, September 24, 2008
AIG Board Suspends Dividend!
AIG (AIG) Board announced that they have suspended the dividend. No kidding. That’s prudent stewardship. The question becomes were the past dividends declared incorrectly. There are regulatory constraints about declaring dividends if insurance companies are insolvent. That AIG is suddenly insolvent will not wash. I would like to see the board investigated and see what these guy’s were thinking all along.