Hank Greenberg sues AIG

[Lakewood90712]

He says AIG ruined his reputation .

Ex-AIG chief claims insurance giant cheated him

maybe AIG is asking for another 30B of T.A.R.P. money to make Uncle Hank whole again.

 

[FIREd]

He must be out of his mind...

 

[ziggy29]

Spooky. Hank Greenberg's been dead since 1986...

http://upload.wikimedia.org/wikipedia/en/thumb/9/91/HGreenberg.jpg/200px-HGreenberg.jpg

 

[Rich_by_the_Bay]

Spooky. Hank Greenberg's been dead since 1986...

Exactly my initial reaction - I thought maybe his estate didn't collect on his annuity or something. Sounded like great fun but now that I see it's a greedy namesake, screw it...

 

[HFWR]

He must be out of his mind...

Hasn't the point of the "entitlement" of the wealthy been raised here recently. Prime example...

 

[FIREd]

Hasn't the point of the "entitlement" of the wealthy been raised here recently. Prime example...

Interesting that you should reply to my post with this quote as the "entitlement of the wealthy" comment seemed directed at me in the first place (http://www.early-retirement.org/forums/f28/tax-on-rich-will-bring-in-63-67b-per-year-42767-4.html). I also find it fascinating that the people who admonished me for being an "entitled rich" are probably many times wealthier than I am (I am just a young dreamer making good money but I am certainly one the poorer members of this board). There was delicious irony in that.

But there is also great irony in Hank's claims... Hank Greenberg was CEO of AIG until March 2005. For him to claim he wasn't aware of AIG's sub-prime exposure when in fact AIG started getting exposure to the sub-prime market under his own leadership is, well... crazy.

 

[HFWR]

No connection was implied, btw. I'm all for people getting rich. Especially me...

 

[Gpond]

The dude that sold $2.8B worth of assets to his wife for $1 to shield them from creditors in civilian suits. Priceless.