NU Online News Service, June 16, 3:22 p.m. EDT
Maurice Greenberg took the witness stand in Manhattan federal court today to counter charges the company he now heads looted a trust fund allegedly set up to pay bonuses to American International Group executives.
Mr. Greenberg–who left as AIG's chairman and CEO in 2005 after an accounting scandal involving the company's use of finite reinsurance to bolster its balance sheet–is chairman of Starr International Company (SICO), which AIG claims unlawfully misappropriated $4.3 billion in stock that belongs to the trust.
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