Ex AIG chairman joins Hall of No Shame
Posted by: msgruntled on: April 3, 2009
Let’s welcome to my recently founded Hall of No Shame Maurice “Hank” Greenberg, former head of AIG, who yesterday told Congress he had NOTHING to do with the rabbit hole AIG’s Financial Products division took the country down. It’s all the fault of the managers who succeeded him, he said. When asked if his miserly charity would give any money back to taxpayers, Greenberg said: “You can go out on the street and start collecting.”
Another fine example of utter shamelessness. And AIG wondered why Americans were ready to storm the homes of their people in outrage.
(For those who can keep score without blowing a gasket, a large chunk of the risky bets were made under Greenberg’s watch, not to mention the Justice Dept. was investigating him for financial misdeeds while helming AIG. So in essence, the man got up and lied to Congress). As the Washington Post’s headline writer put it, AIG Founder Perfects the Fault Swap.
Nell Minow, chair of the Corporate Library (a firm specializing in research on corporate governance) put it perfectly in the Washington Post a few weeks back when she said that Wall Street bonuses were forcing her to “keep recalibrating my outrage.” And that was BEFORE the AIG bonuses and Greenberg’s testimony. One can only imagine what setting Minow’s machine is on now!
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rants about rampant stupidity, hypocrisy, bad customer service, and other annoyances that are thinning my hair out
- Ex AIG chairman joins Hall of No Shame « msgruntled: [...] About Class warfare in America: the elephant in the room Introducing the Hall of No-Shame; Nominations welcome [...]
- jm: I just got the message from the Jack Stone dickhead.
- msgruntled: No he didn't pay penalties, he paid interest. There is a difference. The Washington Post covered this story in detail including several interviews wit
