AIG Putting Headquarters Up For Sale

(AP)  AIG is putting its Manhattan headquarters and a nearby office building on the sales block.

AIG spokesman Mark Herr said Wednesday the company is evaluating the sale of 70 Pine Street and 72 Wall Street as part of its efforts to boost operations.

The potential sale, first reported by The New York Post, comes at a difficult time for the insurance conglomerate and in the New York real estate market. Prices for office buildings are falling in the wake of tight credit and downsizing in the financial industry.

AIG has outraged lawmakers after it doled out $165 million in employee bonuses over the weekend. The company has received $170 billion in government bailout money.

Chief Executive Officer Edward Liddy acknowledged Wednesday that the company's multimillion-dollar bonuses were "distasteful" to many and had provoked a firestorm of wrath.

[toolmangler-2009]

With the $130,000 donation Obama received from AIG, it's no wonder it took him so long to become "outraged".
Posted by Obama_the_Clown at 10:14 AM : Mar 18, 2009



Show me an elected politician (Any party) that "DIDN'T" receive money from the banking industry (other than their own)

[noloyalisti]

They better sell it before the angry mobs trash it.

[sjc_1]

There is a certain irony to them selling the building into a market that they destroyed.

[thetireguy1]

Put AIG and the PIGS that work in management for Sale and leave the building alone!!!!!!!!!!!!!

[colt8881]

Sounds like Donald Trump might be in the market for another office Building in New Yort at Bargin Basement Discount prices.