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Article: AIG ex-CEO Greenberg returns to witness stand
- Article from:
- AP Online
- Article date:
- June 17, 2009
- Author:
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Former American International Group Inc. CEO Maurice "Hank" Greenberg returned to the witness stand on Wednesday to defend taking over a retirement bonus fund that AIG is trying to recover in federal court.
AIG's lawyer Theodore Wells played a video of Greenberg in 2000 telling retirement plan participants that there were "sufficient shares in the trust for a couple hundred of years."
"It's a motivating speech," Greenberg told jurors. He said the participants in attendance would have known that "a couple hundred years is an exaggeration, obviously."
"No company can plan 200 years in advance," he said. "You're lucky ...