A California consumer group has criticized former AmericanInternational Group Chairman Maurice Greenberg's financialconnection to a committee that issued a report calling for aneasing of corporate regulation and accounting standards.
The Foundation for Taxpayer and Consumer Rights in Los Angelesnoted that Mr. Greenberg was ousted as chief executive officer andAIG chairman after an accounting scandal.
Their criticism followed release of the report by the Committeeon Capital Markets Regulation, which said in an interim reportyesterday that a reduction in "regulation and litigation, whileenhancing shareholder rights, will improve the competitiveness ofU.S. capital markets."
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