Latest Hank Greenberg Headlines
All the headlines from our Hank Greenberg Topic Page, ordered by recency.
Ace’s Greenberg Sees Business Opportunities from AIG Troubles
Oct 30 2008 // Insurer Ace Limited’s business opportunities have grown dramatically over the past month and a long slump in rate pricing appears to be over, CEO Evan Greenberg told investors. Greenberg, speaking Wednesday on a...
Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left
Oct 20 2008 // American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according...
Ex-CEO Greenberg Urges AIG to Renegotiate $85B Loan or Perish
Oct 14 2008 // Its former chief executive officer, Maurice “Hank” Greenberg, says American International Group (AIG) should renegotiate the terms of the $85 billion loan it has from the federal government or it will end up in...
Greenberg: AIG’s Risky Subprime Activity ‘Exploded’ After He Left
Oct 10 2008 // American International Group’s (AIG) exposure to the subprime mortgage market that precipitated the government’s $85 billion bailout came as a result of business conducted after he left the company, according...
Some See Spitzer Role in AIG Crisis
Oct 6 2008 // Spitzer forced Greenberg out of the company he built over nearly 40 years. Lost by many in the financial markets’ nightmare were ghosts of Wall Street past. Some are blaming the historic $85 billion federal bailout...
N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units
Oct 1 2008 // New York Insurance Superintendent Eric Dinallo, charged with overseeing any sales of American International Group Inc.’s insurance units, said Wednesday he would consider bids from former AIG CEO Maurice...
Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
Oct 1 2008 // Maurice Greenberg, former chief executive of American International Group, has asked the company’s current chief executive, Edward Liddy, for the chance to bid on AIG assets as the company seeks to repay an emergency...
Some See Spitzer Role in AIG Crisis
Sep 19 2008 // Lost by many in the week’s financial markets’ nightmare were ghosts of Wall Street past. Some in business and politics are blaming the need for Tuesday’s historic federal bailout for American...
Greenberg’s C.V. Starr May Try to Take Over Struggling AIG
Sep 16 2008 // A company led by Hank Greenberg, a former chief executive of American International Group, may try to take over the insurer in a proxy fight or tender offer, according to a regulatory filing. Greenberg’s company,...
Update: AIG Cash Crisis Mounts; Greenberg Explores Buyout; Conservatorship Reportedly Eyed
Sep 16 2008 // American International Group Inc. shares sank 48 percent on a report that regulators might take control of the giant insurer, though a U.S. government source said federal agencies do not have legal authority to put AIG...
Four Former AIG Execs Including Greenberg Settle Shareholder Suit
Sep 12 2008 // Four former executives of American International Group Inc., including ex-CEO Maurice “Hank” Greenberg, agreed on Thursday to settle a long-standing shareholder lawsuit for $115 million. The insurer will...
Willumstad Replaces Sullivan as AIG CEO
Jun 16 2008 // American International Group, the world’s biggest insurer [by capitalization], replaced CEO Martin Sullivan on Sunday, June 15, after it suffered two quarters of record losses from risky mortgage bets and its share...
N.Y. AG Cuomo Wants Ex-AIG CEO Greenberg to Answer Questions
Jun 10 2008 // New York Attorney General Andrew Cuomo has tried to block a request by the former head of American International Group Incto delay a deposition on three-year-old allegations of financial misconduct. Former AIG CEO Maurice...
Court Affirms AIG Must Give Ex-CEO Greenberg Access to Files
Jun 6 2008 // American International Group Inc. will have to surrender certain privileged documents to its former chief executive, according to a New York Court of Appeals ruling Thursday. Maurice “Hank” Greenberg, who ran...
Judge: Evidence Showed Greenberg Phone Call in AIG/General Re Case
May 21 2008 // A U.S. judge who oversaw the trial of executives accused of helping American International Group Inc. inflate reserves said there was sufficient evidence to show the conspiracy started with a phone call from the...
Greenberg’s Starr Foundation Sues AIG Over Credit Losses
May 19 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
AIG Investors, N.Y. Regulator Mull Former CEO Greenberg’s Words
May 19 2008 // Maurice “Hank” Greenberg’s withering criticism of American International Group Inc. has yet to win widespread support for a revolt against the current management of the giant insurer he used to run. There...
Ex-AIG Chief Greenberg Voted Against AIG Board of Directors Re-Election
May 16 2008 // Maurice “Hank” Greenberg, the former head of American International Group Inc, said in an interview on Wednesday he voted against the reelection of the company’s board because directors have not made sure...
AIG Rejects Ex-CEO Greenberg’s ‘Crisis’ Call for Delay of Annual Meeting
May 13 2008 // Maurice “Hank” Greenberg, former chief executive of American International Group, has said the insurer is in “crisis” and urged a delay in its annual general meeting scheduled for Wednesday,...
Greenberg’s Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
May 9 2008 // The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice “Hank” Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit default swaps. The...
