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Muck tracker - Hank Greenberg

By Muckety

March 17, 2009 at 10:09am

Not everyone at AIG is benefitting from the federal bailout. Forbes notes that former AIG Chairman Hank Greenberg’s wealth, mainly in company stock, has dropped from $1.9 billion to less than $100 million.

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1 Comments

  • #1.   Normin 08.06.2009

    Here it is my friends, leverage exposed. This is why the U.S. is in an economic decline. It’s possible that Mr. Greenberg is worth even less than the above number. If he was successful with his gamble he would have kept all the profits, however since this type of leverage is so extreme that only questionable and high risk business practices like derivatives markets which have sunk the U.S. economy can be used. Since he has lost, we bailout him and his multi billion dollar company AIG! A $15 million dollar fine is peanuts for the damage done and an insult to our heroic taxpayers. This damage to America is as bad as terrorism and should demand long jail time, not a fine with money from questionable business practices. Mr. Greenberg was a former candidate for C.I.A. director, ain’t that sweet.

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