AIG Damaged by Government Run Amok, Ex-CEO Greenberg Says
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Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc., says in a soon-to-be-published book that the company he built was almost destroyed by overzealous overseers.
The insurer was “ultimately taken over and run aground by a cadre of auditors, lawyers, outside directors, and government officials,” according to an excerpt of “The AIG Story” on Amazon.com Inc.’s website. “Contrary to proponents of anointing such professionals as ‘gatekeepers’ who police against corporate misconduct, the AIG story shows how such custodians run amok.”