"Only dull people are brilliant at breakfast"
-Oscar Wilde		 Brilliant at Breakfast title banner "The liberal soul shall be made fat, and he that watereth, shall be watered also himself."
-- Proverbs 11:25
"...you have a choice: be a fighting liberal or sit quietly. I know what I am, what are you?" -- Steve Gilliard, 1964 - 2007

"For straight up monster-stomping goodness, nothing makes smoke shoot out my ears like Brilliant@Breakfast" -- Tata

"...the best bleacher bum since Pete Axthelm" -- Randy K.

"I came here to chew bubblegum and kick ass. And I'm all out of bubblegum." -- "Rowdy" Roddy Piper (1954-2015), They Live
Friday, September 26, 2008

Reward for running AIG into the ground? A cool $1 billion
Posted by Jill | 10:36 AM
Yes, billion. Not million, BILLION.

Of course, Maurice "Hank" Greenberg's ill-gotten gains were worth $20 billion when he left the firm in 2005, but what's a few billion among friends?
CEO Maurice "Hank" Greenberg intends to sell his AIG stock, according to a regulatory filing on Thursday.

Greenberg, who ran AIG for nearly four decades, said he will sell stock in the open market, and that the sales may "materially" decrease the holdings that he controls, according to the filing with the U.S. Securities and Exchange Commission.

Greenberg, through a personal stake, family trust and companies that he controls, owns roughly 11 percent of AIG's stock, making him its largest shareholder before AIG agreed to a federal bailout that will give government 80 percent ownership.

Labels: ,

0 comments
Bookmark and Share