ski guySTOWE HAS NEW OWNERS
January 11th 2010 12:20
Stowe Mountain Resort, the venerable winter playground of AIG
executives, has new owners, at least on paper. On December 31,
"too-big- to-fail" AIG, transfered ownership of their Vermont ski
resort to Chartis, a new subsidiary the corporation created.
Since AIG received US$182 million in federal bailout funds, this
transfer of ownership card shuffling appears to be designed to
appease federal regulators and generate positive public relations
spin but little else.
For skiers and riders, Stowe operations will be unaffected by
this paper game.
executives, has new owners, at least on paper. On December 31,
"too-big- to-fail" AIG, transfered ownership of their Vermont ski
resort to Chartis, a new subsidiary the corporation created.
Since AIG received US$182 million in federal bailout funds, this
transfer of ownership card shuffling appears to be designed to
appease federal regulators and generate positive public relations
spin but little else.
For skiers and riders, Stowe operations will be unaffected by
this paper game.
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