"In this yield-starved environment, this is the new fixed-income, " says Hank Smith, chief investment officer of equities at Haverford Investments, referring to dividend-paying stocks.
An investment vehicle controlled by former American International Group chief Maurice (Hank) Greenberg claims the U.S. government singled out the insurer by taking a huge equity stake in return for bailout loans made during the 2008 financial crisis.
However, Mike draws comfort and understanding from the fact that Starr International, headed by Hank Greenberg (the former CEO of AIG), made an investment in CCME after putting the company through four months of intensive due diligence.