Chairman and CEO of American International Group, Maurice Greenberg, gestures during the panel discussion at the World Economic Forum in Davos, Switzerland, Saturday Jan. 29, 2005. [Photo]
The former chief of American International Group Inc. transferred more than $2 billion worth of company shares to his wife as a gift only days before he was pressed by company directors to resign, according to a regulatory filing.
That disclosure by Maurice "Hank" Greenberg came Tuesday, hours after he declined to discuss a questionable insurance deal with state and federal regulators who are probing questionable transactions by AIG.
Greenberg resigned as president and CEO of the New York-based insurer on March 14, three days after he had transferred 41.4 million shares - worth $2.2 billion at Tuesday’s closing share price of $53.20 - to his wife, Corinne P. Greenberg.
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