After Maurice “Hank” Greenberg got his win in court over American International Group, I gave some thought to the whirlwind of events and the surprising speed with which the jury came back with its verdict. They really only had to answer one question–who do you trust? And yes, there is a double entendre here.
Did the jury trust Mr. Greenberg enough to tell the truth, or did they believe that a legal “trust” had been created between Starr International Company and AIG's select group of executives, whose hard work earned them membership into the SICO deferred compensation program?
Mr. Greenberg came out on top of this one, and as objective as I was in my news coverage, I wasn't surprised. AIG never proved there was a bona fide contract showing that the program was created by AIG for AIG.
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