Hank Greenberg is known for having the constitution of an ox, thus it was both a surprise and a huge disappointment that he failed to show up on Capitol Hill this week to testify at a hearing on how AIG got into so much trouble that it needed an $85 billion government bailout to survive.
Mr. Greenberg, AIG's longtime CEO before leaving in 2005–he says he "retired," while others insist he was forced out after the company was rocked by charges that it cooked the books with bogus finite reinsurance transactions–begged off his appearance before the House Oversight and Government Reform Committee.
Regrettably, Mr. Greenberg has told the committee that he is too ill to appear today to answer questions, said Rep. Henry Waxman, D-Calif., chair of the committee.
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