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A Company Is In The Hole For $182 Billion, Hank Greenberg Can See The Merit In A Congressional Hearing But $2-9BN? Beat It

“Many companies have transactions that go bad,” Greenberg said today on “In the Loop With Betty Liu” on Bloomberg Television. “Everybody’s not paraded down to Washington to testify.” “He handled it OK,” Greenberg said of Dimon, 56. “It was really outrageous to have the CEO come down and testify before Congress because of a transaction that didn’t work out well.” [Bloomberg, related]

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104 Responses to “A Company Is In The Hole For $182 Billion, Hank Greenberg Can See The Merit In A Congressional Hearing But $2-9BN? Beat It”

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    He should know, he once hit 58 home runs for the 1938 Detroit Tigers.

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    Couldn't agree with you more Hank. What's one bad trade versus a man's entire career?

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    I see no lasting threat posed by any non-recurring loss.

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    Hank's jealous. That should have been his parade.

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