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Greenberg Specialist Beef Seen As Proper

A spokesperson for American International Group said the company management was only doing what it was supposed to do when its chairman complained about the way a New York Stock Exchange floor firm handled purchases of AIG stock.

The companys reaction came after The Wall Street Journal reported on Oct. 3 that former NYSE Chairman Dick Grasso applied unusual “pressure” to the floor specialist firm to buy more AIG stock following complaints by Maurice Greenberg, AIGs chief executive officer and chairman.

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