Unformatted text preview: Reserve took a majority stake in the insurer. Subsequently, AIG has been bailed out multiple times from the US government (including an initial $150 billion). Consumers will also remember that there was widespread anger after it was revealed that AIG was going to pay bonuses to its executives, and was still mismanaging bailout money. Amid all this, the insurance giant decided to cut its sponsorship with Manchester United. What remains to be seen is whether this really was a sincere move on part of AIG, and a new strategy that cuts back costs, and more efficiently uses bailout money, or just another ploy to fool consumers into thinking that they had become more cost conscious. In the meanwhile, Manchester United keeps its AIG jersey for the rest of the season and continues the hunt for more trophies. *Base Article found at http://money.cnn.com/2009/01/21/news/international/uk_soccer/index.htm*...
View Full Document
- Fall '08
- Federal Reserve System, AIG, Dow Jones & Company, Manchester United F.C.