Duperreault signals shift from buybacks to acquisitions
Newly-appointed AIG CEO Brian Duperreault has suggested he would
redirect the company's excess capital from share repurchases
towards acquisitions if he can show them to be value-adding.
"Shareholders want to see value creation. If I can present
them something that is better value creation than a share buyback,
I won't get a hard time," the executive said after the
company's annual general meeting today in New York, according
to a WSJ report.
"I'd love to find great additions to the...
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