Hank has managed to grease the requisite regulatory palms to get out from under the thumb of that whole unpleasant AIG business you may have heard about. (Vicious lies!) More importantly, Snowball will not have to worry about being the ward of some stranger during any sort of incarceration for Hank. Bloomberg explains:
Maurice “Hank” Greenberg, who led American International Group Inc. for 38 years until his ouster amid state and federal accounting probes in 2005, will pay $15 million to settle U.S. claims he manipulated the insurer’s earnings.
[...]
“This settlement brings finality for Hank,” said Jacob Frenkel, a former federal prosecutor now practicing law at Shulman Rogers in Potomac, Maryland. “A settlement means no admission, no denial, and one day of news. When they fight the charges, every event in the case is another storyline.”
So in addition to avoiding painful and disruptive adoption or dog-sitting arrangements, the daunting prospect of a life of Ruth Madoff-like notoriety (and shame) seems avoidable for Snowball and owner. We are greatly relieved.
Hank Greenberg, Ex-AIG Chief, Pays $15 Million to End SEC Probe [Bloomberg]
I am imagining how bess would write this.
I feel better already.
so there is a snowball’s chance in…
Maurice is a hero!
snowball is relieved. bess is coming back.
dealbreaker -BL= fail^2
I want my money back. I realize I pay nothing to access this site, but I still feel like I am owed money for my pain and suffering this week
ummmm… doesn’t he owe the taxpayers a little more than the $15mm considering his firm blew out the global financial system? i say he hands over snowball as well. make it punitive.
The question: Is it free for all Friday tomorrow?
was this a pic taken in the jc penney studios with the faux swiss alp backdrop? hank made a good choice of that over the 2 dimensional library shelf scenery.
they need to go after jack welch now.
@7 crossing fingers.
Who wants a Fresca?
@11
Only if I can drink it out of a burly rugby player’s belly bu– I mean, Fresca’s for fags.
-Jimmy Cayne
I miss Bess.
– Snowball
I miss my Mom.
BLANUS
Any guesses on this guys LNW these days? $100-200mm maybe? Not bad to down ~10% to get big brother to STFU and leave you alone to rot, er, live out your golden years…
Maurice should go to jail and Snowball should have to live with Michael Vick.
@anal-y forbes guesses less than $100mm
@ Analyst
He deserves jail time just for being asleep at the wheel when AIG Built financial Chernobyl.
With any luck his dog will go ‘Ol Yeller and bite him. Best Doggone dog on Wall Street.
@Anal
Don’t fuck with Big Brother.
BTW, how’s that paranoia medication working for you these days?
GOT MY OWN JET, THANKS
Members of Toronto’s chattering class recently received their subscription invitations to next year’s Grano Salon Speakers dinners, which will explore the notion of risk. “If we have learned anything from the financial upheaval, it is to cultivate a renewed appreciation of risk,” reads the invite.
Scheduled to speak to a dinner crowd of about 100 over four dates in the fall and winter are Nassim Nicholas Taleb, author of The Black Swan; British writer Martin Amis; geopolitical guru Francis Fukuyama; and Hank Greenberg, former chairman and CEO of AIG.
Series co-founder and co-organizer Rudyard Griffiths tells us that while arranging the details of Mr. Greenberg’s talk he told the business bigwig’s executive assistant that the organizers would be happy to fly Mr. Greenberg to Toronto on business class using the points provided by Aeroplan, the travel partner to the Grano Series. “She got back to me immediately by e-mail and indicated that while Mr. Greenberg appreciated our offer, his private jet would be landing mid-afternoon in Toronto on the day of his talk and we should meet him at the Sky Service terminal,” Mr. Griffiths says. Mr. Greenberg is the first and the only speaker in the series’ six-year history to arrive in such style, somehow appropriate given his corporate alma mater.
http://www.theglobeandmail.com/blogs/nobodys-business/
Hank’s favorite line: “All I need is a little unfair advantage.”
How true it was.
Seriously, where is Bess and why did they let you start writing again?