AIG shares bounces with their new CEO

Bloomberg reports:

"Shares of AIG jumped 21% on Thursday after new CEO Robert Benmosche said he expects to repay government bailout money." Also check out the historical returns S&P 500

Benmosche, who is originally from Croatia, hopes that AIG will be able to repay all the government debt. For his outrages actions, Benmosche was named the CEO of the month. However, the debt to the goverment is estiamted to be at $182 billion, and we have yet to see how sucsesffull this new CEO shall be.

Benmosche also plans to invest companies excess cash into funds pedia and particularly in some social conscience funds and he also plans to do some stock investing pedia.

"Mr. Benmosche, 65 years old, was chairman and CEO of MetLife from 1998 until 2006. As of April 2006, he directly held 349,181 shares and indirectly controlled another 15,739 shares, according to Thomson data."