Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc., says in a soon-to-be-published book that the company he built was almost destroyed by overzealous overseers.
The insurer was “ultimately taken over and run aground by a cadre of auditors, lawyers, outside directors, and government officials,” according to an excerpt of “The AIG Story” on Amazon.com Inc.’s website. Greenberg, 87, ran AIG for almost four decades until he was forced out in 2005 amid a fraud probe by then-New York Attorney General Eliot Spitzer. The company accumulated billions of dollars in losses tied to subprime mortgages starting in 2007 under CEO Martin Sullivan and was bailed out by the U.S. in 2008.
News Tribune news services
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