With AIG securing a major restructuring of its loan deal from Uncle Sam, you have to hand it the company's former CEO, Hank Greenberg, who after laying low for more than three years, has reemerged as a major player, having been calling on the troubled carrier's senior management to renegotiate with federal policymakers for weeks now.
Did Mr. Greenberg's public calls for AIG to get a better deal from Washington help turn the tide? Or was it just that Hank had the luxury of speaking out publicly, while current CEO Ed Liddy had to play his cards close to his vest?
I say that even if AIG had been working behind the scenes to set the stage for this loan renegotiation for some time, pressure from a revitalized Hank Greenberg couldn't have hurt, as he no doubt still has some friends in the government. His opinion is still respected by the media and business community as well.
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