I am not a learned man...least ways, not in the traditional pedigreed sense that Mr. Geithner and President Obama are. I can though grab onto a piece of string and start pulling on it to see where it leads. I've spent much of last night pulling on the AIG Bonus Scandal string, and it seems clear that AIG, Maurice "Hank" Greenberg, and Starr International lay at the epi center of EVERYTHING that has crashed our economy, EVERYTHING that is the $180 Billion Dollar bailout. We know that ELEVEN key AIG employees that are no longer with the company got huge bonus money. The first question that Congress should be asking Mr. Liddy...who are those employees by name, how much did they each get, and where (or who) are they working now.
Being a betting man, I am going to guess that the answer to the work question is directly or indirectly those AIG employees are working for ne Maurice "Hank" Greensberg, or one of his (or his family's) holdings.
Second question that Congress should be asking...just how many of AIG's shares does Maurice "Hank" Greensberg own and/or control. Follow that one up with the question, how many of AIG's assets are being privately sold to Maurice "Hank Greensberg (or his various holdings) at bargain basement prices.
It is further suggested, that the FED, SEC and the FBI starting taking a serious look at the incestuous web that is Maurice "Hank" Greensberg and his associated who are through various means wresting back control of AIG, and gaining most of its assets through various means and maneuverings. Keep in mind here, that Mr. Greenberg was the CEO of AIG for some 40 years. Keep in mind that even after he was FORCED OUT, he controlled a major portion of the company. Now we are supposed to find it just convenient that he has started a NEW VENTURE offering the same services as AIG, registering it in Bermuda for tax purposes, but racing to establish a AIG twin presense throughout the world. Where is Congress, Geither, even Obama in asking why it is that ALMOST ALL KEY AIG employees are suddenly working for Mr. Greensberg's new business venture in various LEADING CAPACITIES.
You want RAGE AMERICA...the very people that RAPED YOU AT AIG are not suffering, but instead are setting up shop in a NEW SHELL! Isn't it odd that the one man that was CHASED OFF, run out of AIG on a rail as it were by now DISGRACED Elliot Spitzer is slowly taking back what he feels is his?
On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, attorney general of the state of New York. On May 26, 2005, as part of a series of actions against leaders of large corporations, Spitzer filed a complaint against Greenberg, AIG, and Howard I. Smith (ex-CFO of AIG) alleging fraudulent business practice, securities fraud, common law fraud, and other violations of insurance and securities laws. Greenberg's public statements show that he found the Spitzer investigation to be very troubling. He maintained his innocence throughout the investigation, and alluded to the possibility that Eliot Spitzer might be conducting a high-profile witch-hunt in the interests of furthering his political ambitions. (In hind sight, did Greensberg carry out his OWN WITCH HUNT ON Elliot Spitzer?)
For those that like balls of yarn, lets start pulling at string. I would suggest we start with the following Maurice "Hank" Greensberg financial vehicles...maybe we can get Obama to investigate the Bermuda Connection.
Edward E. Matthews” has been a Group Member with the following 16 Group Members:
C V Starr & Co Inc
C/V/Starr & Co/Inc/Trust
C/V/Starr &Amp; Co/Inc
C/V/Starr &Amp; Co/Inc/Trust
Maurice R & Corinne P Greenberg Family Foundation Inc
Maurice R. Greenberg
Maurice R/and Corinne P/Greenberg Joint Tenancy Co/LLC
Maurice R/and Corinne P/Greenberg Joint Tenancy Company/L
Maurice R/and Corinne P/Greenberg Jt/TEN/CO/LLC
Starr International Co/Inc
Starr International Company Inc
The Marice R/and Corinne P/Greenberg Foundation/Inc
The Maurice R and Corinne P Greenberg Family Foundation Inc
The Maurice R/and Corinne P/Greenberg Fam/Found/Inc
The Maurice R/and Corinne P/Greenberg Family Foundation/I
Universal Foundation Inc
Quite the framework for hiding and moving assets around, and JUST HOW POWERFUL is this Maurice "Hank" Greensberg? If you do a GOOGLE search, you realize that Maurice "Hank" Greensberg is a very powerful man that does not like to be triffled with...more importantly, he has a lot of friends and connections in very high places.
He is currently chairman and CEO of C.V. Starr and Company, a diversified financial services firm that is named for the founder of AIG, Cornelius Vander Starr.
In 1962, Greenberg was named by AIG's founder, Cornelius Vander Starr, as the head of AIG's failing North American holdings. In 1968, Starr picked Greenberg as his successor. Greenberg held the position until 2005, when he stepped down amid a major accounting scandal and was replaced by Martin J. Sullivan.
Greenberg was both a social friend and client of Henry Kissinger, utilising his consultancy, Kissinger Associates, for advice and operations in a number of countries, particularly in Asia. In 1987 he appointed Kissinger as chairman of AIG's International Advisory Board.
He is married and has four children. He is the father of Jeffrey W. Greenberg, former chairman and CEO of Marsh & McLennan Companies (MMC) before he was ousted, and of Evan G. Greenberg, president and CEO of ACE Limited. Together, he and his sons controlled a major portion of the insurance industry.
Mr. Greenberg is Honorary Vice Chairman and Director of the Council on Foreign Relations and a member of David Rockefeller's Trilateral Commission. In the 1980s, his extensive foreign connections prompted the Reagan administration to offer him a job as Deputy Director of the CIA, which he declined.
He was appointed as a member of the Hong Kong Chief Executive's Council of International Advisers in the years of 1998-2005[1].
He was awarded "CEO of the Year 2003" by Chief Executive Magazine. .
He is a former Chairman and currently a Trustee of the Asia Society, Trustee Emeritus of the Rockefeller University, and is an honorary Trustee of the Museum of Modern Art, all three institutions founded by the Rockefeller family.
He is also a former Chairman and current member of the US–Korea Business Council, a member of the US–China Business Council, and the Business Council. He has served on the Board of Directors of the New York Stock Exchange, the President’s Advisory Committee for Trade Policy and Negotiations, and the Business Roundtable. He is a past Chairman, Deputy Chairman and Director of the Federal Reserve Bank of New York.
Mr. Greenberg is Chairman Emeritus of New York-Presbyterian Hospital and the New York-Presbyterian Hospital Foundation, Inc. He serves as a member of the Board of Overseers of the Weill Medical School of Cornell University, Life Trustee of New York University, Trustee for the School of Risk Management, Insurance, and Actuarial Science and is Chairman of the Academic Medicine Development Company (AMDeC). He is on the Board of Directors of the International Rescue Committee and is active in a number of other civic and charitable organizations. He was a former Trustee of the American Museum of Natural History.
As Chairman of The Starr Foundation, Greenberg oversees the disbursement of major financial support to academic, medical, cultural, and public policy institutions.
When Elliot Spitzer dethroned Greensberg from AIG, this FALLEN GIANT was livid, but more importantly, a man used to having his way, getting what he wanted felt as if something of his was stolen from him...SPECIFICALLY, AIG. Never mind that AIG ended up settling the various issues surrounding the departure of Greensberg by paying an SEC fine north of ONE BILLION DOLLARS (a bargain in hindsight looking at what we have now given the company in bailout funds) in exhange for having EVERYTHING DROPPED. Just what charges were dropped, and how is it that we now have Greensberg right back in the middle of the things, owning millions of shares of AIG stock, snapping up their most precious assets, and moving KEY AIG people over to his new company?
Not sure what the answer is, but would add some more company's to the list of places to search for answers.
Carruth Management, LLC, Kinder Morgan Energy Partners, Riggs Investment Management Co, KINDER MORGAN MANAGEMENT LLC, KINDER MORGAN ENERGY PARTNERS L P, KNIGHT INC.
At the special meeting, you will be asked to consider and vote upon a proposal to approve and adopt the Agreement and Plan of Merger, dated as of August 28, 2006, among Kinder Morgan, Inc., Knight Holdco LLC and Knight Acquisition Co. Knight Holdco and Knight Acquisition Co. are entities organized by me and affiliates of GS Capital Partners V Fund, L.P., American International Group, Inc., The Carlyle Group and Riverstone Holdings LLC to effect the merger and related transactions discussed below. Pursuant to the merger agreement, Knight Acquisition Co. will merge with and into Kinder Morgan, with Kinder Morgan continuing as the surviving corporation.
If the merger agreement is approved and adopted and the merger is completed, each share of Kinder Morgan common stock (other than shares held by Knight Holdco, Knight Acquisition Co., subsidiaries of Kinder Morgan, stockholders who have perfected their appraisal rights under Kansas law and all or a portion of the shares held by certain stockholders defined in the attached proxy statement as "Rollover Investors") will be converted into the right to receive $107.50 in cash without interest. Immediately prior to the merger, I, along with certain members of Kinder Morgan's senior management and the other Rollover Investors, will exchange all or a portion of our shares of Kinder Morgan common stock and all or a portion of the proceeds in respect of restricted stock and stock options for equity interests in Knight Holdco. As a result of the merger, Kinder Morgan will be privately owned through Knight Holdco by Kinder Morgan's senior management and other investors. A copy of the merger agreement is included as Annex A to the attached proxy statement.
There is more, but for now one thing seems sure as I watch AIG's CEO Mr. Liddy testifying before Congress....somehow, Greensberg seems to be positioning himself to be the NEW AND IMPROVED AIG without ANY OF THE DEBT, the American Tax Payer left holding the bag, and shares in the old AIG that will be for all intents worthless.
ADDITIONAL INFORMATION ON CV STARR
C. V. Starr & Co., Inc. (C.V. Starr) is a privately-held company with insurance agencies and a portfolio of global investments. Through its insurance agencies, C. V. Starr historically has produced approximately $1.6 billion annually of comprehensive insurance coverage among several specialty lines covering aviation, marine, excess casualty and property, and excess stop loss insurance for employer sponsored benefit plans.
C. V. Starr's deep familiarity with the business of insurance and global investing sets the company apart in its industry. C. V. Starr's hallmark is its significant presence in global markets, backed by the company's international expertise.Chairman & CEO - Maurice R. Greenberg
President - Edward E. Matthews
Vice Chairman - Finance and Secretary - Howard I. Smith
General Counsel & Executive Vice President - Bertil Lundqvist
Executive Vice President - Lawrence Scott Greenberg
Contact: CV Starr & Co INC. 399 Park Ave NY (212) 230-5050
CONTACTStarr Aviation Agency, Inc. 3353 Peachtree Road N.E
Suite 1000
Atlanta, GA 30326
USA
Ph : (404) 946-1400
Fax : (404) 946-1495
WEST Starr Aviation Agency, Inc.
17550 North Perimeter Drive
Suite 340
Scottsdale, AZ 85255
USA
Ph : (480) 586-3600
Fax : (480) 586-3659
LONDON Starr Underwriting Agencies Limited
140 Leadenhall Street
3rd Floor
London, EC3 V4QT
United Kingdom
Ph : 44 (0) 20 7337 3550
Fax : 44 (0) 20 7337 3551
Former AIG CEO Greenberg, Ironshore in Joint Excess Casualty Venture
January 26, 2009
Maurice "Hank" Greenberg, the man who ran American International Group for nearly 40 years and who now runs C.V. Starr & Co., is being reunited with some executives who used to work under him when he ran AIG.
C.V. Starr is teaming up with Bermuda-based Ironshore Inc. to form a new excess insurance agency. The new agency will be known as Iron-Starr Excess Agency Limited. Iron-Starr Excess will act as a specialty lines insurance and reinsurance managing general agency, domiciled in Bermuda.
The new agency will write catastrophic excess casualty insurance products, targeting Fortune 2000 and other clients purchasing cat excess coverages. Policy limits up to $75 million will be issued.
"This partnership enables Ironshore to enter the excess casualty market with additional backing and support to offer larger limits, consistent with the needs of our clients," said Kevin Kelley, Ironshore's new CEO and former CEO of AIG's giant surplus lines insurer, Lexington Insurance, who served under Greenberg.
"We look forward
Comprehensive Insurance Solutions and Services
A C.V. Starr & Co., Inc. company with Asian roots and commitment
- Financial Strength
- Specialty Underwriting
- Risk Management Services
- Global Reach
C. V. Starr & Co., Inc. (C.V. Starr) is a privately-held company with insurance agencies and a portfolio of global investments. Through its insurance agencies, C. V. Starr historically has produced approximately $2 billion annually of comprehensive insurance coverage among several specialty lines covering aviation, marine, excess casualtfy and property, and excess stop loss insurance for employer-sponsored benefit plans.
C. V. Starr's deep familiarity with the business of insurance and global investing sets the company apart in its industry. C. V. Starr's hallmark is its significant presence in global markets, backed by the company's international expertise.
Starr Underwriting Agents (Asia) Limited underwrites specialty insurance lines on behalf of Lloyd's of London syndicates CVS 1919, BRM 1861 and FRC 2243 through Starr Managing Agencies Limited (SMAL), all highly rated Lloyd's Syndicates.
Our current product offerings include Property Technical Risks and Marine coverages and services for the Asia Pacific Region.
Our policies are supported by value-added services in Engineering and Loss Control.
Through its relationship with Lloyd's, Starr can offer reinsurance in the Chinese market through the Starr Underwriting Division of Lloyd's Reinsurance Company (China) Limited.
WELCOME TO STARR UNDERWRITING AGENTS LIMITED
Starr Underwriting Agents Limited (SUAL) is a subsidiary of C. V. STARR & CO., INC. and has a long established trading record with high brand recognition in the insurance sector. For many years the various Starr underwriting agencies have been the recognized leaders in North America.
SUAL currently underwrites business on behalf of Lloyd’s syndicates CVS 1919, FRC 2243 and BRM 1861 through Starr Managing Agents Limited (SMAL), a Lloyd’s Managing Agent established in 2008. The business of syndicates CVS 1919 and FRC 2243 will be exclusively and entirely underwritten under a limited number of binding authority arrangements. Syndicate BRM 1861 is the Marlborough Underwriting Agents syndicate that provides capacity to some of the agency brands of SUAL.
HOW NICE!
By Lilla Zuill
NEW YORK (Reuters) - Maurice "Hank" Greenberg, former CEO of American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz), said he would consider buying AIG's Asian life insurance operations if the firm were to put this flagship business on the market.
AIG, once the world's biggest insurer by market value, is readying to sell off parts of its business after it was hit by massive mortgage losses.
The company wants to partner with an outside investor, allowing it to keep a stake in the Asian life business, known as American International Assurance Co Ltd (AIA).
| Based in Atlanta, GA, Starr Adjustment Services, Inc. is the claims adjusting and risk management service arm of C. V. Starr's insurance underwriting facilities. This seasoned group of claims and safety professionals is skilled at providing the highest level of service in the industry. Our approach centers on a client-based focus, with every effort made to handle each claim or safety request with the utmost attention paid to the needs of the insured. We provide direct claims service for Starr Aviation Agency, Inc., Starr Indemnity & Liability Co. and Starr Indemnity & Reinsurance Ltd. We also currently provide independent claims and risk management services to agencies, brokers, and insurers outside of the C. V. Starr group of companies. If you would like to learn more about Starr Adjustment Services, please feel free to contact us at (404) 946-1400. |
AMERICAN INTERNATIONAL GROUP INC
(BOLLENBACH STEPHEN F) | 4 | 10/02/2008 |    |
AMERICAN INTERNATIONAL GROUP INC
(TSE EDMUND S W) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(MARTIN RODNEY O JR) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(FRENKEL JACOB A) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(WINTROB JAY S) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(BENSINGER STEVEN J) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(NEUGER WIN J) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(KELLY ANASTASI D) | 4 | 10/02/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(GREENBERG MAURICE R) | 4 | 10/01/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(LEWIS ROBERT EDWARD) | 4 | 10/01/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(WALSH NICHOLAS C) | 4 | 10/01/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(DOOLEY WILLIAM N) | 4 | 10/01/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(MAURICE R. & CORINNE P. GREENBERG JOINT TENANCY COMPANY, LLC) | 3 | 10/01/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(STARR INTERNATIONAL CO INC) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(MATTHEWS EDWARDS E) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(C.V. STARR & CO., INC. TRUST) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(C V STARR & CO INC) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(UNIVERSAL FOUNDATION INC) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(GREENBERG MAURICE R) | 3 | 09/30/2008 | |
AMERICAN INTERNATIONAL GROUP INC
(GREENBERG MAURICE R) | SC 13D/A | 09/30/2008 |  |
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(AMERICAN INTERNATIONAL GROUP INC) | SC 13G/A | 02/17/2009 | | | AMERICAN INTERNATIONAL GROUP INC | 8-K | 02/12/2009 | | AMERICAN INTERNATIONAL GROUP INC
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(FRENKEL JACOB A) | 4 | 02/10/2009 | | AMERICAN INTERNATIONAL GROUP INC
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