I have been away from the AIG board for about a year, and excuse my ignorance but I am still puzzled how old man Greenburg gets to sell shares of AIG from Starr holdings. As I understand the purpose of these shares is an investment vehicle for AIG employees. Why hasn't AIG taken control of the shares and managed same.
Again, excuse my ignorance but I would like to understand this maze. All responsible and informative responses would be appreciated!!
As a PS to my above question: What is Greedburg doing with the funds from the sale of AIG stock held by Starr?
$20 BILLION SEEMS LIKE A LARGE AMOUNT OF MONEY TO ME!!!