When I read this headline I got angry,
Ex-AIG CEO gives $2.2B in stock to wife
Now I've heard about golden parachutes and handing out large bonuses for good or terrible work. But how can a CEO and presedent of a company give a gift of 2.2 billion to his wife while he's under investigation by the SEC.
Here is a link:
http://money.cnn.com/2005/04/13/news/newsmakers/aig_greenberg.dj/index.htm?cnn=yes
Now I'm not sure if any of you pay insurance but AIG's board just gave this guys wife 2.2 Billion!!!!!
more below
2.2 Billion, I just can't stop saying that.
Ever wonder why your insurance premiuns are so high just ask Maurice "Hank" Greenberg he'll be able to explain why.
I think he's setting up for a long legal defence and believe you me, his wife is set for life.
CNN reports
"As reported, Greenberg was interviewed Tuesday by regulators probing AIG's accounting. The regulators are looking into whether AIG, which Greenberg led for decades, used questionable financial transactions to improperly boost its results. "
How come this guy can do this, did the board let him do this did he have the stock through years of super big bonuses.....please let me know because this pissed me off