Unformatted text preview: lengths to revive morale of AIG's employees, tighten internal controls and put the company on a path toward financing independence. AIG recently outlined a strategy to repay more than $90 billion of assistance from the Federal Reserve Bank of New York and Treasury Department over the next few years. About $45 billion is to be repaid with proceeds from AIG asset sales, and the rest is to be recouped when the Treasury sells down what will be its 92% ownership stake in AIG into the market...
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- Spring '06
- Federal Reserve System, AIG, AIG Succession Plan, AIG asset sales