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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: RE: RE: RE: RE: Charitable?

Posted On: May 13, 2008, 12:10 pm CDT
Posted By: Mike
Comment:
The money that Starr has used to purchase AIG stock came from the estate of it's founder, not from John Smith or Joe Blow who donates money to the Foundation.

If you read the article it is clear about the affiliation between Starr and AIG, in that Starr's founder was also AIG's founder - which is likely where the large portion of stock is coming from.

Moreover, I can also see why Starr is upset given the fact that AIG stock is down close to 47% in the last year and close to 25% for the current calander year.
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
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