“Basically, he’s just starting ‘A.I.G. Two’ and raiding people out of ‘A.I.G. One.”
–Douglas A. Love, an insurance executive whose company employs former AIG talent. Love, speaking to The New York Times, was talking about Maurice “Hank” Greenberg, the 84-year-old former CEO of AIG who ws pushed out in an accounting scandal in 2005. Now the irrepressible octogenarian is using his hard-won billions in AIG stock to start a firm that will compete with the behemoth that he built and got bailed out by taxpayers last year.