Word: aig
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According to a recent report in the New York Times, Feldstein—president and CEO of the Cambridge-based National Bureau of Economic Research (NBER)—was one of several AIG directors to receive a donation from the Starr Foundation, a nonprofit organization that is chaired by former AIG chairman and CEO Maurice R. Greenberg. Greenberg was forced out of his position at AIG when revelations of the improper accounting practices first came to light in February...
NBER received more than $2.6 million between 2001 and 2002 from the Starr Foundation, according to a proxy statement filed by AIG last year...
...Professor Feldstein were head-and-shoulders the leading candidate [for the Fed chair]...the White House team would be digging into his role at AIG pretty vigorously,” he said, adding that he has no inside knowledge of White House preferences. “I think they’re probably looking into it at some degree right...
...AIG internal probe came in response to a separate investigation spearheaded by New York Attorney General Eliot Spitzer and the U.S. Securities and Exchange Commission. Last week, it was revealed that officials are also investigating whether Greenberg attempted to prop up AIG’s stock price in the weeks before his removal...
According to an AIG press release, the company expects to file its restated financial reports...