Declarations
Spitzer’s Folly “When (Eliot Spitzer) was attorney general he was on a witch hunt, he’d go after anyone he could to get headlines. I look at the pattern (at AIG) from when Hank Greenberg went out, not just the crisis …
Greenberg Seeks Chance to Bid on AIG Assets Put Up for Sale
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 loan from the federal government. Liddy …
N.Y. Insurance Chief Would Vet Greenberg Bid for AIG Units
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. Greenberg, in a letter to AIG CEO Edward Liddy Monday, …
Some See Spitzer Role in AIG Crisis
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 International Group Inc.’s on the relentless pursuit of AIG …
Greenberg’s C.V. Starr May Try to Take Over Struggling AIG
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, C.V. Starr, said in a …
Four Former AIG Execs Including Greenberg Settle Shareholder Suit
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 receive proceeds from the settlement, less fees. The settlement will save the …
AIG’s Troubles = Industry Troubles?
Willumstad is the wrong person for the job and would be even if these were good times. The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should …
AIG’s Troubles = Industry Troubles?
Willumstad is the wrong person for the job and would be even if these were good times. The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should …
Editor’s Note: The Spitzer Error
To conclude the Liberty Mutual ruling marks the end of the Spitzer era may be wishful thinking. Liberty Mutual downplayed its recent victory when the New York Supreme Court declared that contingent commission agreements are not illegal. “Contingent commission agreements …
AIG’s Troubles = Industry Troubles?
Willumstad is the wrong person for the job and would be even if these were good times. The world’s largest insurance company, the one that always announces spectacular earnings, the company with the forceful views on how the market should …
