You are here:HomeNews CenterInsurance News2005Former AIG CEO Greenberg Transferred $2 Billion in Shares to His Wife

Former AIG CEO Greenberg Transferred $2 Billion in Shares to His Wife

Three days before he resigned as head of American International Group Inc., Maurice "Hank" Greenberg gave his wife 41.4 million of his shares in the...
April 21, 2005

Three days before he resigned as head of American International Group Inc., Maurice "Hank" Greenberg gave his wife 41.4 million of his shares in the insurance company, according to a regulatory filing. The disclosure came on Tuesday, the same day Greenberg declined to answer questions posed by government investigators probing transactions at AIG. Greenberg transferred the shares to his wife, Corinne P. Greenberg, on March 11, according to his filing Tuesday with the Securities and Exchange Commission. The shares are worth $2.2 billion, based on AIG's current stock price.

Former AIG CEO Transferred $2 Billion in Shares to Wife (Insurance Journal 4/14/05)

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