Just as Steve predicted back in April, today’s New York Times reports Ex-A.I.G. Chief Is Back, Luring Talent From Rescued Firm:
Maurice R. Greenberg, who built the American International Group into an insurance behemoth with an impenetrable maze of on- and offshore companies, is at it again.
Even as he has been lambasting the government for its handling of A.I.G. after its near collapse, Mr. Greenberg has been quietly building up a family of insurance companies that could compete with A.I.G. To fill the ranks of his venture, C.V. Starr & Company, he has been hiring some people he once employed.
You have to give Steve and his crystal ball credit:
Greenberg landed at the helm of C.V. Starr (insurance) which he is now reforming into a mini-me AIG. Greenberg will not be satisfied with running a mini-AIG and has recently acquired several key employees from AIG which may ensure the eventual expansion of C.V.Starr (insurance).
Greenberg’s dream of creating as his legacy the world’s greatest financial dynasty did not die with his departure from the helm of AIG. It is his life’s work. Continue reading “NYT says Ex-AIG Chief Is Back – but you heard it here back in April”
