Former American International Group chairman Maurice R. Greenberg in a filing with the Securities and Exchange Commission today questioned whether AIG received the best price for its sale of Hartford Steam Boiler to Munich Re.
Mr. Greenberg, the chairman and chief executive officer of C.V. Starr & Co., who left as AIG CEO in 2005 after an accounting scandal, has retained control of substantial stock holdings in AIG and has been a constant critic of the company with which he is embroiled in ongoing lawsuits over his past tenure.
Mr. Greenberg, in a letter to the AIG board of directors that was filed with the SEC, said the $742 million sale of Hartford Steam Boiler to Munich Re "can only be viewed as a distressed sale price."
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