AIG Part Two
Hank Greenberg, former AIG CEO, may have left his old position during an intense media-frenzy and economic debacle, but now he’s back in the spotlight with news of his latest venture, C.V. Starr & Company.
Despite personal reservations about Greenberg, it’s hard to deny his drive. After 40 years as CEO of AIG before resigning amid allegations of accounting fraud and inflating the firm’s earnings, Greenberg is preparing for C.V. Starr & Company to overtake his former company as the world’s insurance giant.
“It’s AIG Two” comments one rival insurance executive who claims Greenberg has brought former AIG employees over to his new company. While AIG attempts to regain its position in the insurance world, Greenberg is using his $4.3 billion in AIG stock to build up the new company and lease grand office spaces such as the 141,000-square-foot office formally belonging to the Lehman Brothers on Park Avenue.
C.V. Starr & Company will be nearly identical to AIG in that it will sell business insurance and be structured as a group of companies. And now will also have the same man in charge. Here’s hoping C.V. Starr & Company’s is one thing that doesn’t resemble Greenberg’s former employer.
Via: New York Magazine
Related Articles
The Season Has Arrived: Two Summer Journeys for the Traveler Who Knows Where to Be
From the French Riviera’s gilded cliffs to the marble light of the Greek islands — this issue’s most inspiring summer experiences, curated by Haute Black.
An Evening to Remember: Haute Living Celebrates Daymond John
Haute Living gathered Miami’s most distinguished guests at Air Club Miami by Seaspice, for an intimate cover celebration honoring Daymond John—entrepreneur, investor and cultural icon. Photo Credit: Omar Vega Presented alongside partners Braman Miami, Rolls-Royce Motor Cars Miami, Tsinandali Estate Wine and Ayanat Skincare, the evening was a testament to the kind of luxury that […]
Here’s Where to Buy the Best Flowers for Mother’s Day
This is our guide to the best places to buy flowers from this Mother’s Day—from The Bouqs Co. to UrbanStems to 1-800-Flowers.
Haute Launch Alert: Dior’s New Beauty Products Are This Spring’s Must-Have Essentials
Dior launched two beauty products that we are shopping immediately: Dior’s Forever Skin Glow foundation and Hydrating Invisible sunscreen.
How Daymond John Stays on Top of the Food Chain: From Shark Tank to Shark Gevity
Daymond John goes beyond Shark Tank—exploring biohacking and his new longevity venture, Shark Gevity, in this exclusive Haute Living story.
A World-Class Equestrian Spectacle Returns to Miami Beach
Photo Credit: Courtesy of GCAT This April, the Global Champions Arabians Tour returns to Miami Beach, transforming the city’s iconic shoreline into a world-class stage for one of the most visually striking equestrian events in the world. From April 9 to 11, elite Arabian horses and their handlers will compete for championship titles and points […]
Latest Stories
Trending Articles
Related Articles
The Season Has Arrived: Two Summer Journeys for the Traveler Who Knows Where to Be
From the French Riviera’s gilded cliffs to the marble light of the Greek islands — this issue’s most inspiring summer experiences, curated by Haute Black.
An Evening to Remember: Haute Living Celebrates Daymond John
Haute Living gathered Miami’s most distinguished guests at Air Club Miami by Seaspice, for an intimate cover celebration honoring Daymond John—entrepreneur, investor and cultural icon. Photo Credit: Omar Vega Presented alongside partners Braman Miami, Rolls-Royce Motor Cars Miami, Tsinandali Estate Wine and Ayanat Skincare, the evening was a testament to the kind of luxury that […]
Here’s Where to Buy the Best Flowers for Mother’s Day
This is our guide to the best places to buy flowers from this Mother’s Day—from The Bouqs Co. to UrbanStems to 1-800-Flowers.
Haute Launch Alert: Dior’s New Beauty Products Are This Spring’s Must-Have Essentials
Dior launched two beauty products that we are shopping immediately: Dior’s Forever Skin Glow foundation and Hydrating Invisible sunscreen.
How Daymond John Stays on Top of the Food Chain: From Shark Tank to Shark Gevity
Daymond John goes beyond Shark Tank—exploring biohacking and his new longevity venture, Shark Gevity, in this exclusive Haute Living story.
A World-Class Equestrian Spectacle Returns to Miami Beach
Photo Credit: Courtesy of GCAT This April, the Global Champions Arabians Tour returns to Miami Beach, transforming the city’s iconic shoreline into a world-class stage for one of the most visually striking equestrian events in the world. From April 9 to 11, elite Arabian horses and their handlers will compete for championship titles and points […]
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events