AIG to sell stocks.
by: Christine Zafra
Sometimes, for a company to be “healthy”, it needs to sell some assets and stocks to private individuals to raise some capital and improve shareholder percentage. With this, the company can encourage more investors to put money into their company.
But some companies do this because their finances are dwindling. It was a surprise to most that AIG or the American International Group Inc. decided to sell their division that rakes the most money. AIG lost a total of $7.8 billion in their first quarter of operation. Almost the same problem is experienced by Citigroup and has been advised to do the same with their stocks.
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