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Latest Maurice R. Greenberg Stories

2011-06-10 07:00:00

Artists Bette Midler and Paul Simon To Perform NEW YORK, June 10, 2011/PRNewswire-USNewswire/ -- Children's Health Fund (CHF) will honor two champions of children's health care at its annual benefit June 13. Artists Bette Midler and Paul Simon will perform during the event. (Logo: http://photos.prnewswire.com/prnh/20091204/DC21355LOGO) The Starr Foundation and its Chair Maurice R. Greenberg will be presented with CHF's Founders' Award. Priyan Fernando, Executive Vice President, Global...

2009-08-28 08:50:56

An unlikely resurgence of American International Group may epitomize the new appetite for risk on Wall Street, an equity analyst at Optique Capital said. Analyst William Fitzpatrick wondered who would want to buy stock that's still 80 percent owned by the government? On the other hand, he said, the risk appetite has returned to the marketplace. There appears to be a willingness among investors to pounce on stock that was beaten down through the economic crisis and may be poised to return to...

2008-12-18 14:48:41

Former executives of American International Group Inc. agree to pay the Teachers Retirement System of Louisiana $115 million to settle a lawsuit. The teacher's group had accused the executives, including former AIG Chief Executive Officer Maurice Greenberg, of paying millions of dollars in hidden commissions and fees to C.V. Starr & Co., the financial services firm where Greenberg is the chairman and chief executive officer. The teachers claimed AIG could have performed the work C.V....

2008-12-05 10:53:48

A New York judge refused to dismiss breach of fiduciary duty charges against American International Group Inc.'s former chairman, Maurice Greenberg. Supreme Court Justice Charles Ramos said AIG was entitled to present its case against Greenberg, former AIG Chief Financial Officer Howard Smith and others, Business Insurance reported Friday. The charges stem from a dispute over a block of AIG shares worth about $20 billion in 2005 that was used to finance an employee compensation plan at AIG....

2008-10-08 06:00:19

By Anna Bahney Six days after the government rescued AIG with an $85 billion loan, the insurance company spent $443,000 on a week-long event for agents at a California resort, according to invoices produced during a congressional hearing Tuesday. "Average Americans are suffering economically," said Rep. Henry Waxman, D-Calif., chairman of the House Committee on Oversight and Government Reform, which held the hearing. "Yet less than a week after the taxpayers rescued AIG, company...

2008-09-17 00:00:02

By Stephen Foley THE US government could end up controlling the insurance giant AIG under a deal being considered late last night. An agreement for the US Treasury to bail out the troubled company would be a dramatic U-turn for the government, but AIG's pivotal role in the financial markets led many Wall Street executives to describe the company as "too big to fail". Reports suggested a bridge loan of more than $80bn (45bn) could be made available to AIG, but with conditions, including...

2008-09-12 12:00:25

Former executives of American International Group Inc., have agreed to a $115 million pretrial settlement to end a civil fraud lawsuit in Delaware. The case began six years ago. The Teachers Retirement System of Louisiana sought $1 billion on claims AIG Chief Executive Officer Maurice Greenberg, Chief Financial Officer Howard Smith and two vice chairmen, Edward Mathews and Thomas Tizzo, overpaid commissions to companies the men controlled, Business Insurance reported Friday. The suit also...

2008-06-16 09:00:19

Insurance giant American International Group said it had fired Chief Executive Officer Martin Sullivan after a closed-door board meeting. Sullivan is leaving after three years at the helm and will be replaced by A.I.G. Chairman Robert Willumstad, a former president and chief operating officer of Citigroup, Inc. A.I.G. also named former Hilton Hotels executive Stephen Bollenbach, as its lead independent director, a company statement said. Sullivan took over after former CEO Maurice...

2006-03-04 23:34:29

By Jonathan Stempel NEW YORK (Reuters) - Warren Buffett went out of his way on Saturday to praise Hank Greenberg, but not all was as it seemed. Buffett, who runs Berkshire Hathaway Inc., was interviewed last April by New York Attorney General Eliot Spitzer about a transaction involving Berkshire's General Re Corp. unit and American International Group Inc., the insurer long run by Maurice "Hank" Greenberg. While Buffett was not a target of Spitzer, Greenberg was, and Spitzer sued...

2006-01-30 11:59:20

NEW YORK (Reuters) - Lawyers for insurer American International Group Inc. and a firm headed by its former chief executive, C.V. Starr & Co., appeared in a New York state court on Monday, arguing over whether they were improperly trying to keep each other from conducting business. The dispute escalates a battle between AIG and Maurice "Hank" Greenberg, who was forced to retire from the world's largest insurer last spring amid federal and state investigations into the company's...


Word of the Day
mundungus
  • A stinking tobacco.
  • Offal; waste animal product; organic matter unfit for consumption.
This word comes from the Spanish 'mondongo,' tripe, entrails.