Thursday, June 09, 2005

Greenberg resigns from AIG's board

Former US insurance tycoon Maurice "Hank" Greenberg resigned from the board of American International Group, the company he had built into an international giant, The Wall Street Journal reported.

Citing Greenberg's attorneys, the paper said the former chief executive of the company made his decision known in a terse four-sentence letter to the board.

"My decision to resign now results from my inability to receive information regarding the company and its operations necessary to fulfill my fiduciary duties," the Journal quoted the letter as saying. "I wish the employees of AIG every future success."

See full Article.