Ex-AIG chief claims insurance giant cheated him

By
March 3, 2009 05:53

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The former chief executive officer of American International Group Inc. has sued the company he led for 38 years, saying AIG misled investors about its exposure to subprime mortgages. Maurice "Hank" Greenberg, 83, claimed in papers filed in federal court in Manhattan on Monday that the company, once the world's largest insurer, has ruined his fortune by lying about its financial health. The lawsuit says Greenberg, who served as AIG's chief executive from 1967 until he retired in March 2005, was the New York-based company's largest non-institutional shareholder. Christina Pretto, a company spokeswoman, said: "We believe the suit is without merit and we will defend ourselves vigorously."

Related Content

July 18, 2018
Zuckerberg: Facebook won’t delete Holocaust denial posts

By BEN SALES/JTA