Word: greenberg
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Judging from his daily routine, you'd hardly know that Hank Greenberg's life has been turned inside out. Sure, he works in a makeshift office on Park Avenue, with boxes piled as deep as the lawyers outside his door and with the nasty business of potential indictments--not insurance--front of mind. But the man who over four decades built and ran American International Group, the global insurance giant, is as focused as ever. He still manages two AIG offshoots, Starr International and C.V. Starr, investment firms that control billions of dollars of AIG stock. He's a regular...
...Greenberg is in deep trouble. State and federal investigators have been poring over AIG's books for months. Greenberg's own board--led by longtime peer and pal Frank Zarb, who for years was his quietly designated successor should the worst happen--lost faith and pushed him to resign, first as CEO and then as chairman, in March. New York State Attorney General Eliot Spitzer filed civil fraud charges in May, accusing Greenberg of orchestrating "sham transactions" that hid losses and inflated AIG's net worth. Just last week he resigned from AIG's board, ending his last official...
...revered by government leaders and CEOs around the globe fall so far, so fast? Multiple investigations continue, and criminal charges have not been ruled out. Greenberg, who on advice from his attorneys declined to comment, has denied any fraudulent conduct and vowed to fight for his name. Months ago, he famously derided regulators' concerns as inconsequential "foot faults." Say this about him: he's never lacked for confidence. It's said that he once hopped into his limo after a board meeting and, when the driver asked where to go, responded, "Take me anywhere--everybody needs...
...telephone survey of 402 Harvard alumni was conducted in late April by the professional polling agency Greenberg Quinlan Rosner. The margin of error was plus or minus 4.9 percent...
...important political products: a Party of Sanity, representing the pragmatic centrism of the business and professional elites, and a Party of Passion, representing populist anger about outsourcing, illegal immigration, social permissiveness and Bush's overseas activism. In fact, Democracy Corps-a polling consortium run by Democrats James Carville, Stan Greenberg and Bob Shrum-- tested products named after well-known popularizers of the economic aspects of these points of view: the eminently Sane New York Times columnist Tom Friedman and the surprisingly Passionate CNN anchor Lou Dobbs. Stick around for the results of the Dobbs-vs.-Friedman election, but first...