Greenberg is the former CEO that brough AIG up from nothing to the size it was at ($70/share) with its tentacles all over the world. Since then there have been two other CEO's (not including the freshly installed CEO) who basically mismanaged the company. Greenberg is going to have a meeting to try and get private investors to cover the debt to the government prior to them taking the 79.9% stake in the company.
This is from what I've been reading, so pls correct me if i'm wrong.
Well as the largest shareholder I imagine he would like to undue the plan, shoot the execs and take his old job back. You can't change history though, without the government intervention they would have been BK. They had plenty of time to deal with this, in fact Greenberg was warning AIG mgmt. of impending disaster for some time. If you could undue the AIG deal what about the Lehman BK should that be undone. Face it 80% gone!