Word: hanks
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Dates: during 2000-2009
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...years and will eventually become an important part of the history of American capitalism and the banking system. In the meantime, the public has loved watching the tension of big companies pitted against big government. Rich and famous bankers have been ridiculed in public. Some have lost their jobs. Hank Paulson, a well-built former Dartmouth football player and former head of Goldman Sachs and mild-mannered Ben Bernanke have been accused of manipulating a major decision by a public company, Bank of America's (BAC) decision about whether it should by Merrill Lynch, overriding the normal and legal corporate...
...Stressing independence from big business could boost a government's image. In the Chicago Booth/Kellogg School poll, 40% of Americans felt former U.S. Treasury Secretary Hank Paulson - previously the boss of Goldman Sachs - had been acting in the interests of the investment bank, and not America...
...Last week, however, the p.r. team went on the attack. It came on the eve of ex-chairman Maurice (Hank) Greenberg's congressional testimony critical of the firm's current leaders and the bailout strategy. Reporters were given a document outlining Greenberg's role in creating a ruinous AIG unit and his 2005 ouster. A press release questioned why he should have "any credibility." Ashooh said the document was prepared internally, not by p.r. firms, and was intended to correct "misinformation" spread by Greenberg...
...Maurice (Hank) Greenberg has said that all he ever wanted in life was "an unfair advantage," an insurance man's credo that propelled American International Group into a global powerhouse. Greenberg grew up with the now infamous company, becoming a world business power who dined with heads of state and influenced international trade policy - until risk caught up to him four years ago. An accounting scandal forced him to step down from his beloved company...
Former AIG chief executive Maurice (Hank) Greenberg told Congress on Thursday morning that as much as $50 billion in payments that AIG has made in the past few months to banks and other financial firms, including Goldman Sachs and Deutsche Bank, should not have been made. Greenberg believes the banks should be forced to reinvest some of those trading profits in AIG by buying the company's shares...