Maurice "Hank" Greenberg has agreed not to seek a proxy battle over control of American International Group.
In a filing with the Securities and Exchange Commission, the former chief executive of AIG agreed not to take any action to control decisions the company's executives make.
The filing yesterday said that Mr. Greenberg and his associate holdings will not take any actions "to direct or cause the direction of the management and policies of the issuer or otherwise exercise a controlling influence" over AIG.
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