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Greenberg Leaves AIG Board

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Maurice Greenberg has resigned from the board of American International Group Inc.[@@]

Greenberg, who has worked for AIG, New York, since 1960 and served as the company’s chief executive from 1967 to March 14, has been at odds with the new leaders of AIG over responsibility for financial reporting problems that have drawn the attention of state regulators and the U.S. Securities and Exchange Commission.

Greenberg previously announced plans not to seek reelection to the AIG board.

“My decision to resign now results from my inability to receive information regarding the company and its operations necessary to fulfill my fiduciary duties,” Greenberg writes in a letter to the AIG board.


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