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.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
