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Marcsh Mac's CEO resigns, new chief appointed

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lil-petunia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-26-04 07:05 AM
Original message
Marcsh Mac's CEO resigns, new chief appointed
Greenberg resigns


Let's see. Hank Greenburg is the scum who owns and operated AIG, the largest lying insurance company in the world.
His son, Jeff, was CEO of MarshMac, the largest brokerage.

The scandal involves Marsh faking bids by ins. cos. guaranteeing that their customers would pay a higher premium, in exchange for bribes.

Both Marsh and AIG are under the microscope. Could not happen to two more deserving guys. Just wait till they start auditing AIG's books. They have always played fast and loose with #####. And now, they are going to have to justify them. Ok.




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Justice Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-26-04 07:05 AM
Response to Original message
1. Hank Greenberg was what, 79 years old....
not much of a concession.
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lil-petunia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-26-04 07:09 AM
Response to Original message
2. for years people thought that daddy was grooming jeff
to take over AIG. Not so.

Hank saw that they could both make more money if Jeffy led marsh. Kickbacks, increased profits, monopoly on large accounts. all that good stuff.

these two are in the same league as Enron, Anderson, etc.
thieves.
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President Jesus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-26-04 09:22 AM
Response to Original message
3. Jeff is a big Kerry and Dem supporter
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lil-petunia Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-26-04 09:38 AM
Response to Reply #3
4. never knew that.
Does not matter. You break the law, you cheat, you suffer the consequences, no matter what party you support.
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