AIG has agreed to bury the hatchet with its former CEO and CFO, with the company and its former executives to enter into arbitration in regards to a lawsuit initially waged by company shareholders, according to Reuters. The original lawsuit was taken up by AIG on behalf of shareholders who had waged a derivative suit against former CEO Maurice “Hank” Greenberg and former CFO Howard Smith. Greenberg has also agreed to arbitrate a separate case between AIG and Starr International, a company run by Greenberg.
Greenberg and AIG to Arbitrate Lawsuit
AIG and former CEO Hank Greenberg appear to be headed towards a sunnier relationship.
September 1, 2009