Hank Greenberg, chairman and chief executive officer of Starr International Co Inc. and former chairman and CEO of American International Group, discusses how he built AIG into a global powerhouse, the forces that led to his forced departure from AIG, and its subsequent bailout by the federal government. Greenberg talks with Bloomberg's Kathleen Hays and Vonnie Quinn on Bloomberg Radio's "The Hays Advantage."
Hank Greenberg was the son of Romanian Jews who spoke Yiddish at home. As a Detroit Tiger, he was dropped into a state whose industry was controlled by one anti-Semite (Henry Ford) and whose airwaves were poisoned by another (Father Charles Coughlin).
When he was in his 70s, and still very much on top of the world, AIG chief executive Maurice "Hank" Greenberg used to laugh off any hint that his time at the helm of the world's largest property/casualty insurer might be nearing an end. Asked about retirement in 2002, he replied, "I had a great-grandmother who worked until she was 108 and then died in an accident." Now...
Starr International Co. accused the U.S. government of using the bailout of American International Group Inc. to channel funds to AIG’s trading partners, calling the move a seizure that violated the Constitution.
Credit Suisse Group AG bankers accused of helping Americans cheat on taxes plan to ask the Justice Department to dismiss their indictment amid talks to resolve a U.S.-Swiss dispute over tax evasion and a probe of the bank, according to five people familiar with the matter.
Bloomberg's Betty Liu and Dominic Chu report on former AIG chief executive officer Hank Greenberg talking about damage done to AIG by former New York attorney general Eliot Spitzer. They speak on Bloomberg Television's "In The Loop." (Source: Bloomberg)