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AIG's Ex-Chief Gave His Wife $2 Billion in Shares
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| Contributor | RP |
| Last Edited | RP Apr 15, 2005 06:21pm |
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| Category | Scandal |
| News Date | Thursday, April 14, 2005 12:00:00 AM UTC0:0 |
| Description | The former chief of American International Group Inc. transferred more than $2 billion worth of company shares to his wife as a gift only days before he was pressed by company directors to resign, according to a regulatory filing.
That disclosure by Maurice "Hank" Greenberg came Tuesday, hours after he declined to discuss a questionable insurance deal with state and federal regulators who are probing questionable transactions by AIG. |
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