To Be Winners Like Amazon, Stocks Should Pass Four Tests


The New York Times reports that American International Group (AIG) executives balked at taking shares of their company as compensation in 2009. In their negotiations with comp cop Kenneth Feinberg, the anonymous executives took that position because they believed that AIG shares -- then trading at $40 a share -- were in fact worthless. This raises an interesting question: Are all stocks duds or just AIG shares?