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Muckety mover: Maurice ‘Hank’ Greenberg

By Muckety

March 20, 2009 at 2:23pm
Muckety down

Former AIG Chairman Maurice “Hank” Greenberg loses no opportunity to slam the insurer’s current management - as if Greenberg played no role in creating the financial mess.

In an interview Thursday, Greenberg refused to accept any responsibility for AIG’s unraveling, although he set up the financial products division which would bring the company down.

“It was the greatest company in history [then],” he told CBS’ Early Show. “In the insurance industry, there wasn’t anything like it.”

Asked whether current CEO Edward Liddy should be fired, Greenberg, who was ousted himself in 2005, did not hesitate: “I think he should be replaced. You can call it what you want.”

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1 Comments

  • #1.   Paul Pepper 03.20.2009

    Greenberg is right. He has never been convicted of anything, only accused by a felon himself (Eliot Spitzer - client #9). If people could get away from their emotions, they might see that the guy that ran the company for 40 years might be the best answer to fix it. They should bring Greenberg back. People would then see how he would payback gov money and return the company to its former glory. That would be in everybody’s interest.

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