Entries tagged "Maurice Greenberg"
Financial stocks finished strong on Tuesday. The Dow increased 62.21 points to 9,015.10, the S&P 500 gained 7.25 points to 934.70, and the Nasdaq climbed 24.35 points to 1,652.38. ...
Former American International Group Inc. CEO Maurice "Hank" Greenberg wants the board of directors to explain its sale process after it apparently sold off an asset at a "fire sale" price in an effort to repay a $152.5 billion loan from the U.S. government. ...
After having to watch the company he built go into a near-death spiral, Maurice Greenberg is at last going to get another shot at running American International Group Inc., or at least large parts of it, as the insurer puts assets on the auction block in order to pay back an $85 billion federal loan....
American International Group Inc.'s former chairman and CEO and largest shareholder plans to sell a portion of his 13.6% AIG stake on the open market, but who's buying?...
A committee of some of American International Group Inc.'s major shareholders met on Monday to discuss the possibility of raising capital to pay off the Federal Reserve's $85 billion loan before the Fed exercises its warrants representing 79.9% of the company and completely washes out the shareholder base. ...
Congress wants some answers from bankrupt Lehman Brothers Holdings Inc. chief executive Richard Fuld, and so he has been "invited" along with his counterparts at American International Group Inc. to come to Washington. Fuld was sent a letter earlier this week asking him to testify before a U.S. House panel looking into the company's bankruptcy....
