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Greenberg's Starr Foundation Sues AIG, Alleging Fraud over Credit Losses
National News • May 9, 2008
The Starr Foundation, controlled by former American International Group Inc. Chief Executive Maurice "Hank" Greenberg, has sued the insurer, claiming it misrepresented its exposure to credit ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: Charitable? | KAZOO | May 13, 2008, 4:34 pm |
| RE: RE: RE: RE: Charitable? | Mike | May 13, 2008, 12:10 pm |
| RE: RE: RE: Charitable? | Trish | May 12, 2008, 6:01 pm |
| RE: RE: Charitable? | wudchuck | May 12, 2008, 4:09 pm |
| RE: Charitable? | fisher | May 12, 2008, 3:27 pm |
| Charitable? | wudchuck | May 12, 2008, 1:20 pm |
| Back to article | ||
Subject: Charitable?
"The Starr Foundation, a charitable organization that has donated billions of dollars to various organizations in New York City, holds more than 15 million AIG shares. It was created by AIG's founder, the late Cornelius Vander Starr, as beneficiary of his estate."
allowed to hold shares in stock to make money? this to me seems to be not a correct thing to do. afterall, they lost money because of this. sounds to me like this charitable organization is making a profit or trying to make a profit. it does not matter that you are giving money away to organizations. you have placed the money given in contributions to stocks! a very risky business!