Hankerin’ for a Fight
“Hank Greenberg was mad. He was angry.”
鈥擳heodore Wells, lawyer for AIG, addressing jurors in the civil trial against ex-AIG head Maurice “Hank” Greenberg. Greenberg stands accused of plundering $4.3 billion in stock from the company in 2005 after his ouster as CEO. The shares, which had been earmarked for bonuses, were owned by the Greenberg-controlled holding company, Starr International.
Was this article valuable?
Here are more articles you may enjoy.
Chubb Q2 Net Income Down 3.8% on ‘Overly Soft’ Large Account, E&S Property 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
London Broker Howden Plots Giant Capital Raise on IPO Path 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals From This Issue
