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Ex-Gen Re official admits AIG sham
From Wire ReportsALEXANDRIA, Va. - A former executive at Berkshire Hathaway's General Re insurance unit pleaded guilty yesterday to helping American International Group concoct a sham transaction that made AIG's finances appear better than they were. As part of a plea...Tags: Trials, Berkshire Hathaway Inc., Warren Buffett, Justice System, Punishment
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AIG fires chief financial officer, VP for not aiding investigation
From Wire ReportsNEW YORK - American International Group Inc., the world's largest insurer, has fired Chief Financial Officer Howard I. Smith and another executive for failing to cooperate with government investigations, a company spokesman said yesterday. The New York...Tags: NYSE Euronext, Inc., The New York Times, Newspaper and Magazine, Berkshire Hathaway Inc., Justice System
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SEC reportedly subpoenas 12 executives at AIG
From Wire ReportsWASHINGTON - The Securities and Exchange Commission has sent subpoenas to a dozen executives at American International Group Inc. amid several investigations into whether questionable transactions were used to improperly bolster the insurance titan's...Tags: NYSE Euronext, Inc., Newspaper and Magazine, Management Change, Justice System, Corporate Officers
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Ousted AIG chief to take the 5th today
Bloomberg NewsNEW YORK - Maurice R. "Hank" Greenberg, ousted last month as chief executive officer of American International Group Inc., will invoke his legal right to avoid self-incrimination when he testifies today before investigators probing the insurer's...Tags: NYSE Euronext, Inc., Arthur Andersen, Berkshire Hathaway Inc., Criminals, Warren Buffett
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AIG's Greenberg resigned amid threat of indictment
Associated PressNEW YORK - Maurice R. "Hank" Greenberg abruptly resigned as longtime chairman of American International Group Inc. amid a threat that the New York attorney general would indict AIG if he was still at the embattled company's helm as it faced growing...Tags: Eliot Spitzer, Companies and Corporations, Newspaper and Magazine, Justice System, Lawyers
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Greenberg reportedly takes Fifth at inquiry
NewsdayNEW YORK - Maurice R. "Hank" Greenberg took the Fifth Amendment "dozens of times" when he was questioned yesterday about possibly illegal transactions between the giant insurance firm he headed for nearly 40 years and a unit of Warren E. Buffett's...Tags: Eliot Spitzer, New York City, Prosecution, Berkshire Hathaway Inc., Warren Buffett
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Investors to get chance to quiz Buffett this weekend over probes
Bloomberg NewsWarren E. Buffett's annual meeting is usually a chance for the billionaire to show how the mistakes of others enrich Berkshire Hathaway Inc.'s shareholders. This weekend's gathering might focus on whether Berkshire made missteps. The annual meeting in...Tags: Berkshire Hathaway Inc., Corporate Officers, Credit Ratings, Lancaster (Lancaster, Virginia), Bill Gates
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AIG finds errors in its accounts
Bloomberg NewsNEW YORK - American International Group Inc., the world's largest insurer, said yesterday that it engaged in improper accounting that might have inflated the company's net worth by as much as 2 percent, or $1.7 billion, since 1991. AIG said in a...Tags: Morgan Stanley Dean Witter & Company, NYSE Euronext, Inc., Berkshire Hathaway Inc., Warren Buffett, Corporate Officers
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Ousted AIG chief Greenberg resigns from insurer's board
Associated PressNEW YORK - American International Group Inc. might begin putting its financial and regulatory problems behind it now that Maurice "Hank" Greenberg, who built the company into one of the world's largest insurers, has stepped down from the board of...Tags: Laws, NYSE Euronext, Inc., Death, Management Change, Justice System
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General Re officer to admit guilt, settle suit
From Wire ReportsNEW YORK - An executive for Berkshire Hathaway Inc.'s General Re insurance unit has agreed to plead guilty to a federal criminal charge of helping American International Group Inc. use reinsurance to distort its finances, his lawyer said yesterday. Under...Tags: Laws, Fraud, Berkshire Hathaway Inc., Corporate Officers, Securities
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The general and me/ Dept. of Rebuttals and Ruminations
Jun 16, 2013 |Story| ReutersAIRSHOW-ILFC to place $5 bln order for 50 Airbus jets -sources
ReutersPARIS, June 16 (Reuters) - International Lease Finance Corp is set to place an order for 50 Airbus A320neo narrowbody jets worth $5 billion at list prices, industry sources said on Sunday. The order by one of the world's largest aircraft leasing...Tags: Boeing Co.
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American International Group Photos
Danny Sreenan has joined Skender Construction as senior...
(January 15, 2013)
People pass the AIG building, in New York, Tuesday. Ame...
(January 9, 2013)
A banner for American International Group Inc (AIG) han...
(January 9, 2013)
