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Article: Court papers outline benefits at AIG unitsBut report is silent on sources of income
- Article from:
- International Herald Tribune
- Article date:
- April 26, 2005
- Author:
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Lynnley Browning
International Herald Tribune
04-26-2005
A 95-foot yacht, an estate in Hong Kong employing cooks, gardeners and chauffeurs and cash payouts totaling tens of millions of dollars are among the benefits available to members of two companies whose shareholders have been part of the inner circle of American International Group, court papers show. The two private companies, C.V. Starr and Starr International, are among affiliates that have come under scrutiny as part of an investigation into whether AIG, a major insurer, sold and used questionable transactions to improve financial results. The shareholders of the two companies are former and current AIG executives and managers, ...