Hank Greenberg, AIG’s ex-chief executive who was ousted in 2005, told a US federal court on Wednesday he had been “angry” and “unhappy” about his ouster from the stricken insurer, as AIG’s attorney sought to draw links between Greenberg’s exit and termination of AIG’s $4.3bn retirement plan, controlled by Starr, his private investment firm. Greenberg admitted he was ‘exaggerating’ when he had assured participants in 2000 that the plan would have “sufficient shares in the trust for a couple hundred years”.

This entry was posted by Gwen Robinson on Thursday, June 18th, 2009 at 4:47 and is filed under People. Tagged with aig, hank greenberg. Edit this entry.