|
|
Article: Greenberg ups ante in tussle with AIG; Seeks shareholder talks over insurer's 'direction'.(News)(American International Group Inc.)(Hank Greenberg)
- Article from:
- Business Insurance
- Article date:
- November 12, 2007
- Author:
-
|
Copyright informationCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: JUDY GREENWALD
NEW YORK-Maurice R. Greenberg's proposal to discuss American International Group Inc.'s performance and strategy with fellow stockholders and others is likely motivated by concern over AIG's stock price, a desire to exert more influence over the company he once led or a combination of the two, say observers.
AIG's former longtime chief, who remains a major shareholder in the company, has had a rocky relationship with the insurer's board and senior management since his 2005 departure.
The company's stock, which closed at $57.06 on Nov. 9 after AIG reported a 27% drop in its third-quarter profits last week attributable to hedging losses, has ...
Related newspaper, magazine, and journal articles:
|