If taxpayers want American International Group Inc. to pay them back, it should let the company get back to business.
C.V. Starr & Company Inc., New York, a company led by Maurice Greenberg, the former chairman of AIG, New York, (NYSE:AIG), makes that argument in a press release responding to reports in The New York Times and elsewhere suggesting that C.V. Starr has been hiring valuable employees away from AIG.
“Over the last year, we understand that a number of AIG’s 100,000 plus employees have left A.I.G. to join the company’s direct competitors in the global property and casualty and life insurance businesses,” C.V. Starr says. “Only 13 of those employees have joined C.V. Starr & Company Inc., which was formed in 1950 and focuses on highly specialized insurance lines; far more, we believe, have joined other, larger companies.”
Employees are leaving AIG because of the U.S. government’s approach to overseeing AIG, C.V. Starr says.