Attorneys for Maurice R. Greenberg, the ousted chairman of American International Group, last night released a letter he sent announcing his decision to leave the board of the giant insurer. The letter said he was tendering his resignation effective immediately.
"I previously stated my intention not to stand for reelection to the Board. My decision to resign now results from my inability to receive information regarding the company and its operations necessary to fulfill my fiduciary duties. I wish the employees of AIG every future success," the 80 year-old executive wrote.
Mr. Greenberg was forced to resign after the company came under scrutiny last year for improper accounting transactions designed to improve its financial position.
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