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Article: Greenberg calls for revamped bailout for AIG; Rebuilt company could repay loans, former chief says.(American International Group Inc.)
- Article from:
- Business Insurance
- Article date:
- April 6, 2009
- Author:
CopyrightCOPYRIGHT 2009 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)
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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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Article: DOWNTOWN SHOWDOWN; Spitzer charges AIG, Greenberg ...
Business Insurance;
May 30, 2005 ;
700+ words
... ... in Manhattan and names AIG, its former Chairman and ... Executive Officer Maurice R. Greenberg and its former Chief Financial ... a civil settlement with AIG,'' AIG said. In a statement, an attorney for Mr. Greenberg said, "We will respond ...
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