Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  Insurance 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Monday March 28, 07:01
AIG does not want Greenberg to drag down its reputation
(by Olivia Cohen)

 Send link to friend
AIG does not want Greenberg to drag down its reputation The No.1 insurance group AIG said its chairman Maurice "Hank" Greenberg will have to leave in case he does not want to help regulators in their investigation on accounting fraud in the company.

Greenberg, the company’s ex-CEO, will have to resign in case he refuses to testify at a deposition before New York Attorney General Eliot Spitzer.

AIG already forced Greenberg to resign as the company’s CEO about two weeks ago. “The reputation of the company would suffer tremendous damage if Greenberg were allowed to take the Fifth and continue serving in such as important role. The harm to AIG would be less if from Greenberg," former federal prosecutor Christopher Bebel told the wire service.

AIG might restate as much as $3 billion as a result of as many as 30 insurance transactions, according to the Wall Street Journal.
All insurance news
Read the related news and articles:
30 May 2005 08:13 AM AIG faces indictments
27 May 2005 06:06 AM AIG sued by Spitzer: Stock price rises
16 May 2005 08:01 AM AIG executive agrees to help Spitzer in return for immunity
11 May 2005 05:26 PM Insurance regulator reveals plan to revamp reinsurance accounting
04 May 2005 09:07 AM AIG accounting tricks directed by Greenberg and Smith
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.