Wall Street

by Freddie Mooche

Online Stock Market Trading Ending a four-decade career with American International Group, Inc., Maurice "Hank" Greenberg, will retire within days amidst an SEC probe into the insurers kickback schemes that occurred during his tenure as Chairman.

The latter part of the decade saw several further changes at Oneida in management as well as business approaches. In 1986 John Marcellus retired as chairman and president. William Matthews, previously the company's general counsel, was named chairman and CEO, while Samuel Lanzafame, who previously headed the Camden Wire subsidiary, was named president. In addition, Gary Moreau, who had accumulated broad management experience since joining the company in 1977, became executive vice president of the Oneida Silversmiths Division, the company's core unit.

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Stock Investing Game March 29, 2005 (AXcess News) Washington - Ending a four-decade career with American International Group, Inc. (NYSE: AIG), Maurice Greenberg will retire within days amidst an SEC probe into the insurer's kickback schemes that occurred during his tenure as Chairman.Two weeks ago AIG allegedly removed Greenberg as CEO, according to a story on the Wall Street Journal's website Monday. Rumors have been flying through Wall Street as to how long the insurance company would go before removing "Hank" Greenberg entirely.The Securities and Exchange Commission recently sent subpoenas to twelve AIG executives, which came just as Greenberg announced his retirement.

The center is located in the Greenberg Traurig building in the heart of Miami's international financ...

Journal Prime Rate Street Wall Late Monday, New York Attorney General, Eliot Spitzer, praised AIG's actions, saying their decisions were well-founded in a difficult situation.

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Stock Market News Greenberg, 79, along with other high-level AIG executives, is being scrutinized for artificially boosting the company's reserves in a 2000 transaction.Spitzer believes that the investigation has a long way to go before being completed and that the board's actions will benefit the outcome of that.Greenberg and Spitzer are scheduled to meet April 12 when Greenberg is to give his deposition. Greenberg has not stated whether he will cooperate in the investigation and refuse to testify like AIG CFO Howard I. Smith and two other executives have done.Should Greenberg refuse to testify, the board would have cause for his dismissal.

Stock Investing Basics Shares of AIG closed up $1.41, or 2.5%, at $57.02 Monday following AIG's announced retirement of Greenberg.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.

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