maurice greenberg

Former AIG Chief Maurice Greenberg Is Building Rival Insurance Company

Maurice Greenberg, the man who built the American International Group into a giant so powerful that its troubles played a key role in the 2008 financial crisis, is creating a new insurance company that is attracting some of his former firm's talent, the New York Times reported Monday. After the Treasury Department placed heavy restrictions last week on executive pay at bailed-out firms such as AIG, a number of the company's personnel may look to their former boss and his new C.V. Starr & Co. for the kind of compensation they're used to. Greenberg has been quietly replicating the method he used ...

Add Comment

SHARE