NU Online News Service, June 16, 3:22 p.m.EDT
Maurice Greenberg took the witness stand in Manhattan federalcourt today to counter charges the company he now heads looted atrust fund allegedly set up to pay bonuses to AmericanInternational Group executives.
Mr. Greenberg–who left as AIG's chairman and CEO in 2005 afteran accounting scandal involving the company's use of finitereinsurance to bolster its balance sheet–is chairman of StarrInternational Company (SICO), which AIG claims unlawfullymisappropriated $4.3 billion in stock that belongs to thetrust.
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