I think it’s just you Matt. This goes to the absolute heart of modern American business practice and law regarding shareholder rights and the ability for one individual or small cabal to obfuscate legal documents, stonewall the SEC and basically flip minority shareholders the bird for their own personal enrichment.
This only matters if you are an investor, own any domestic stock issue, participate in a 401k, or will rely on investments for your present or future well-being, or just appreciate a fair game.
In whose opinion were his actions illegal? Elliot Spitzer….sleazeball?
AIG’s profitability and shareholder values were fine until Spitzer stuck his ugly face into things. Considering what he turned out to be maybe Greenberg isn’t the real devil.
If Hank would come back, I would buy my shares back. With Marty Sullivan, I sold. Spitzer is a sleazebag and typical democrat. Do as I say, not as I do…
Whiny liberal has to live with that pissed off wife now. He gets what he deserves. I bet Hank hired the whores to solicit baldy spitzer who has always had to pay for it…
I don’t think the issue of legality is on the table. The issue is compliance with GAAP and SEC regs. Let’s leave off the paid-for-but-not-admitted charges of bid rigging which is really fraud for the moment.
If through shift and jive of balance sheets, phantom reinsurance transactions, off-share shell entities, sheltered Starr Foundation assets, and an yet-to-be-counted other obscuring business entities, you as an AIG shareholder made a few bucks while MRG & Executives made untolled billions, and you’re OK with that position, you are just lucky and have not yet been clipped.
I’m no fan of E. Spitzer. Just don’t try to confuse the facts of the case with the personalities in order to justify returns on investment.
Is it just me or does this whole Hank VS Aig thing seem like a couple overweight five year olds fighting over who gets the last bite of the cookie?
I think it’s just you Matt. This goes to the absolute heart of modern American business practice and law regarding shareholder rights and the ability for one individual or small cabal to obfuscate legal documents, stonewall the SEC and basically flip minority shareholders the bird for their own personal enrichment.
This only matters if you are an investor, own any domestic stock issue, participate in a 401k, or will rely on investments for your present or future well-being, or just appreciate a fair game.
Your insight to the situation is correct. Mr. Greenberg has yet feel the full impact of his illegal actions while at the helm of A.I.G.
As a shareholder I hope all matters are fully investigated.
Good call.
In whose opinion were his actions illegal? Elliot Spitzer….sleazeball?
AIG’s profitability and shareholder values were fine until Spitzer stuck his ugly face into things. Considering what he turned out to be maybe Greenberg isn’t the real devil.
If Hank would come back, I would buy my shares back. With Marty Sullivan, I sold. Spitzer is a sleazebag and typical democrat. Do as I say, not as I do…
Whiny liberal has to live with that pissed off wife now. He gets what he deserves. I bet Hank hired the whores to solicit baldy spitzer who has always had to pay for it…
I don’t think the issue of legality is on the table. The issue is compliance with GAAP and SEC regs. Let’s leave off the paid-for-but-not-admitted charges of bid rigging which is really fraud for the moment.
If through shift and jive of balance sheets, phantom reinsurance transactions, off-share shell entities, sheltered Starr Foundation assets, and an yet-to-be-counted other obscuring business entities, you as an AIG shareholder made a few bucks while MRG & Executives made untolled billions, and you’re OK with that position, you are just lucky and have not yet been clipped.
I’m no fan of E. Spitzer. Just don’t try to confuse the facts of the case with the personalities in order to justify returns on investment.
Interesting
yes it is.