To renegotiat the loan with the Govt., or Aig will fail.. Did he have to come out with this POS right now? What's going on????
Maybe he bought a lot of PUT options. Smart move. His shares are almost worthless, compared to what they were worth, so why not make money on puts?
Greenberg is just looking out for his own self-interests. If AIG files BK, some stockholders would probably end up suing him for violation of his fiduciary responsibilities. He wants to make sure AIG doesn't file BK.Peter