On November 30, 2009
Is a Piece of AIG on Hank Greenberg’s Shopping List?
A lot of water has flowed under the bridge between former American International Group CEO Hank Greenberg and the company he once ruled. But it could be time to float the idea that Greenberg might want to buy a piece of the ailing insurer. Looking back a few years that idea would have seemed far-fetched. Greenberg was ousted from the job he held for more than 30-years by an angry board after a battle with New York Attorney General Eliot Spitzer, who filed civil charges against him. He faced lawsuits from AIG, which wanted the 12 percent of its shares that he controlled. He testified before the Securities and Exchange Commission, which was somewhat dissatisfied with his answers. Criminal charges were…
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