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Article: Despite departure, Greenberg still wields power over AIG
- Article from:
- International Herald Tribune
- Article date:
- March 19, 2005
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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Gretchen Morgenson and Lynnley Browning
International Herald Tribune
03-19-2005
Even though Maurice Greenberg has stepped down as chief executive of American International Group, he continues to hold a powerful sway over the management of the insurance giant. Greenberg's unusual control stems largely from his role as a top executive of two related private entities, C.V. Starr and Starr International. As a result, he controls the vehicles that dole out compensation to AIG executives. Greenberg is also still chairman of Starr Foundation, one of the largest private foundations in America, which makes contributions to organizations and charities run by the company's directors. Greenberg still ...
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