May 13, 2008 |
Maurice "Hank" Greenberg, former chief executive of American International Group Inc., has said the insurer is in crisis and urged a delay in its annual general meeting scheduled for Wednesday, according to a letter he sent to the board. AIG said Monday that its board sees no need to postpone the meeting, according to a spokesman. "Several top shareholders of AIG have called me expressing deep concern about the persistent and seemingly endless destruction of value at AIG," Greenberg said in the Sunday letter, which was filed with the Securities and Exchange Commission on Monday.
July 5, 2005 |
Maurice "Hank" Greenberg, the ousted chief executive of American International Group Inc., may be willing to negotiate with New York Atty. Gen. Eliot Spitzer to settle a fraud lawsuit, one of Greenberg's lawyers said. "If a reasonable resolution could be reached without litigation, that's obviously in everybody's interest," attorney David Boies said in an interview Friday. "I think there will be some serious settlement discussions."
April 3, 2009 |
The man who built insurance giant American International Group Inc. from a start-up to a global behemoth said he didn't mismanage the company -- but the government did. Following weeks of public and congressional outrage over the largest corporate failure in U.S. history, Maurice "Hank" Greenberg, AIG's chief executive until March 2005, said taxpayers got a raw deal in the ensuing bailout.
January 8, 2013 |
WASHINGTON -- At the same time American International Group Inc. has been running high-profile ads thanking America for the bailout that saved the company, the insurance giant reportedly is considering joining a shareholder suit against the U.S. government for the rescue. The AIG board will meet Wednesday and could decide to join a $25-billion suit led by former chief executive Maurice "Hank" Greenberg, the New York Times reported . The suit by Greenberg's Starr International Co. alleges that the 2008 bailout of AIG by the Treasury Department and Federal Reserve Bank of New York in which the government received an 80% ownership stake in the company violated the rights of shareholders.
June 29, 2005 |
Maurice "Hank" Greenberg, American International Group Inc.'s former chief executive, will reverse a transaction that transferred his fortune in AIG shares to his wife days before accounting probes forced him to resign, his lawyers said Tuesday. Greenberg and his wife, Corinne, will both own the 41.1 million shares after the transfer is canceled. The transfer, valued at $2.
August 21, 1998 |
American International Group's proposed $16.5-billion acquisition of SunAmerica Inc., a deal announced Thursday that would create a global force in sales of retirement savings products, puts a spotlight on Eli Broad, one of Southern California's most prominent civic and business leaders. Broad, already one of the region's wealthiest individuals through his ownership of 10% of SunAmerica stock, will become even richer.