Challenges hinder AIG's sale of financial products unit

01/13/2009 | Wall Street Journal, The

Gerry Pasciucco heads the financial products unit of American International Group, the division that led to the company's downfall. Pasciucco was brought on following the government's rescue of AIG. Although the sale of the division is moving forward, challenges remain. Continued market deterioration could hinder Pasciucco's efforts and add pressure to AIG, as noted by Moody's Investors Service. Still, Pasciucco said he remains optimistic.

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