Thursday, May 12, 2005

Does Greenberg Owe AIG Money?

In a potentially important test of Sarbanes-Oxley, the company could try to recover some of his compensation. But it may have to prove fraud

Even before American International Group (AIG ) came under the glare of regulators, Maurice R. "Hank" Greenberg had elicited boos from governance circles. The iconic leader had crafted a board of directors stuffed with insiders, and he and his top managers controlled private companies that had business dealings with AIG.

See full Article.