Posted on: Tuesday, March 29, 2005
AIG insurance chairman quits amid investigations
Washington Post
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MAURICE GREENBERG
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Greenberg, 79, resigned as chief executive of the New York insurance giant less than two weeks ago after the New York attorney general, the Securities and Exchange Commission and the Justice Department expressed fresh interest in AIG's dealings and Greenberg's role in a 2000 transaction.
Pressure on Greenberg, who has led the company for more than 35 years, heightened as a scheduled April 12 interview with investigators drew near.
A statement released by the company last night said Greenberg, who is traveling overseas, is expected to formally retire later this week. Frank G. Zarb, the lead director at AIG and former chairman of the National Association of Securities Dealers, will assume the duties of chairman, according to the statement.
