Article: Greenberg calls for revamped bailout for AIG; Rebuilt company could repay loans, former chief says.(American International Group Inc.)

Byline: JERRY GEISEL

Maurice R. Greenberg last week described the $180 billion bailout of American International Group Inc. as a failure and said only a new management team and approach can turn AIG around, assertions that AIG rejected.

In his first Capitol Hill appearance since the government bailed out AIG last year, the former chief executive officer said "the combination of short-term-oriented managers and advisers hired merely to sell assets has demonstrably failed.''

Mr. Greenberg then offered his recommendations to rebuild what once had been one of the world's most profitable insurance organizations.

"AIG can recover,'' Mr. ...

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