ex-CEO of AIG gives $2.2 billion in stock to wife before retiring

[wonderwes]

When I read this story, it almost made me sick.

$2.2 billion? Are you kidding? (http://money.cnn.com/2005/04/13/news/newsmakers/aig_greenberg.dj/index.htm?cnn=yes)

[mmbt0ne]

I can hear the trolls massing an attack....

Mr. Maurice Greenberg
C.E.O.
A.I.G.

George W. Bush
$2,000

70 Pine St (map)
New York, NY 10270


Mrs. Corinne Greenberg
Homemaker

George W. Bush
$2,000

70 Pine St (map)
New York, NY 10270


Fundrace (http://www.fundrace.org/neighbors.php?type=name&lname=Greenberg&fname=Maur ice&search=Search+by+Name)

[mostsmooth]

this does make me sick
my gf used to work at tyco, im sure you remember that crap

[NLSoldier]

Am I a total n00b if I don't quite understand why this is so signifigant?

I'm guessing he was supposed to have to forfeit his shares or somthing but then he gifted them to his wife 3 days before and now they cant touch them....or what exactly happened here?

I would like to think im pretty stock market savvy but I don't get this...

[wonderwes]

Its 2.2 billion dollars. Does the word gift really even mean that?

[NLSoldier]

But why did he have to give it to his wife, why didnt he just keep it himself?

[citanul]

because he wubs here.

the oracle guy (larry ellison? erickson?) gave his wife a huge amount of stock when they got married. meh.

i think that op was just talking about the fact that it's an absurd amount of money.

[NLSoldier]

[ QUOTE ]
because he wubs here.

the oracle guy (larry ellison? erickson?) gave his wife a huge amount of stock when they got married. meh.

i think that op was just talking about the fact that it's an absurd amount of money.

[/ QUOTE ]

So there wasn't like anything illegal about it?

That was the impression I got...

[blatz]

Hopefully she'll decide to run wild on the paty 2-4 tables for a while, maybe 300 grand of 100/90/6

If I see her at my local bar tonight I'll suggest it to her.

[oreogod]

nice avatar, I like this better though:

http://img98.echo.cx/img98/1160/god2oa4gf.jpg

[InchoateHand]

Hank did a hell of a job at that company and deserves every penny he's made. That is all.