Greenberg Is Putting the Band Back Together from the AIG Carcass
Maurice Greenberg is a smart, well connected, and aggressive businessman. Along with that, he made a lot of people a lot of money. Do you know what that gets you? Loyalty in exchange for another huge paycheck/payday.
AIG has enough trouble. With assets that don’t even cover their debt (much less the value of the common shares) this company is not going to be around for a great length of time.
Maurice "Hank" Greenberg
Greenberg and other Wall Street firms are plucking away at this carcass that is unable to move as aggressively as they once were.
Read the following Time article to get an idea of what MG is up to. Putting his key people back in place and stealing some of the best former clients to get the easy cash flowing. Once the cash flow starts rolling, the large scale acquisitions will follow.
Maurice Greenberg Is Busy Building His ‘A.I.G. 2,’ C. V. Starr – NYTimes.com.
Related articles:
