The interesting and amusing part about this is that, when he was in charge at AIG, Mr. Greenberg was the least likely to accept interference from outside sources, including from his investors.
Any sign of shareholder activism would be resolutely stamped upon.
Has Mr. Greenberg suddenly realized the virtues of this activity or is he just trying to get back into the driving seat at AIG, from whence he was ignominiously forced to remove himself? I wonder.....
Onésimo Alvarez-Moro
See article:
Hank Greenberg on Friday launched a campaign for change at American International Group, in a dramatic move against management at the US insurance group that he ran for decades.
In a filing with US regulators, Mr Greenberg, who owns about 13 per cent of AIG, said there were “opportunities to significantly improve [AIG’s] performance and strategic direction”.
Mr Greenberg, who is 82 and was forced to resign by AIG’s board in 2005, added that he anticipated holding talks with investors and “third parties” about the company’s business, the possible sale of units and other opportunities.
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