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Article: Ex-CEO Greenberg defends AIG fund actions
- Article from:
- AP Online
- Article date:
- June 16, 2009
- Author:
CopyrightCopyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. (Hide copyright information)
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Former American International Group Inc. CEO Maurice "Hank" Greenberg said a retirement bonus fund that AIG is trying to reclaim in federal court was not intended solely for AIG employees.
The insurance giant has accused Greenberg, through a company called Starr International that he controls, of plundering an AIG retirement program composed of $4.3 billion in stock in 2005. The questions being raised at the civil trial in federal court in Manhattan boil down to who controlled the fund, and what its purpose was.
AIG called Greenberg to the witness stand early Tuesday afternoon. When AIG's lawyer Theodore Wells asked about the intended purpose of the fund, ...
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Article: DOWNTOWN SHOWDOWN; Spitzer charges AIG, Greenberg ...
Business Insurance;
May 30, 2005 ;
700+ words
... ... in Manhattan and names AIG, its former Chairman and ... Executive Officer Maurice R. Greenberg and its former Chief Financial ... a civil settlement with AIG,'' AIG said. In a statement, an attorney for Mr. Greenberg said, "We will respond ...
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