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Article: Greenberg's task-trying to save AIG.(Briefing)(American International Group Inc.)(Maurice Greenberg)
- Article from:
- Best's Review
- Article date:
- December 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 A.M. Best Company, 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)
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When the final chapter is written on how the world's largest and most powerful, insurance company fell from glory, Maurice "Hank" Greenberg, who led American International Group Inc. for more than 35 years, will be featured prominently--a deposed leader trying to rally to save the company he built.
In its heyday, AIG had a market value of $180 billion, and was slated to become one of 10 major global financial supermarkets in the world by the end of the decade. Today, the company has lost 90% of its value, and has borrowed $150 billion.
Greenberg, whose legacy has unraveled at breathtaking speed in the past year, is on a mission. "If I were in control ...
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Article: Spitzer Files Suit Against AIG, Greenberg
AP Online;
May 27, 2005 ;
700+ words
... ... Manhattan accused AIG's former chief ... Maurice "Hank" Greenberg, and former chief ... thousands of shares of AIG stock. For example, the value of Greenberg's holdings increased ... The suit says Greenberg repeatedly directed AIG traders to buy AIG ...
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