New York City
Maurice R. Greenberg spent last week on the witness stand sparring with the attorney for American International Group over competing claims to AIG stock held by Starr International Company that had allegedly been ticketed as bonus compensation for top company employees.
Mr. Greenberg, former chair and chief executive officer of AIG, was forced out in 2005 following an accounting scandal involving the misuse of finite reinsurance to artificially boost the company's balance sheet. However, he remained chair of AIG's affiliated company–SICO–which holds a large block of AIG stock that the company is suing to have returned.
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