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Article: Greenberg: 'I was angry' about losing AIG CEO job

Article from:
AP Online
Article date:
June 17, 2009
Author:
Copyright

Former American International Group Inc. CEO Maurice "Hank" Greenberg admitted on Wednesday he was angry about losing his job in 2005, but defended taking over a retirement bonus fund that AIG is trying to recover in federal court.

"Yes, I was angry," said Greenberg, responding to a question from AIG's lawyer Theodore Wells.

Wells argued earlier this week that Greenberg, through his private firm Starr International, raided an AIG retirement program holding $4.3 billion in stock because he was angry about losing his job as AIG's CEO in March 2005.

Greenberg, 84, built AIG over nearly four decades from a small insurer into the world's largest but was ...

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