I wish my husband would give me $2.2 billion [View All]

[gollygee]

What a guy!

WASHINGTON (Dow Jones) - Maurice "Hank" Greenberg, who last month relinquished his posts as chairman and chief executive of American International Group Inc. ( AIG) amid intense regulatory scrutiny, reported Tuesday a gift of 41.4 million company shares to his wife, Corinne P. Greenberg.

According to a filing released by the Securities and Exchange Commission, the transaction took place March 11, three days before insurance titan AIG announced Greenberg had retired as president and CEO. The company said later in the month that Greenberg also would retire as chairman.

The shares Greenberg gifted to his wife are worth $2.2 billion at AIG's closing share price Tuesday of $53.20 .

As reported, Greenberg was interviewed Tuesday by regulators probing AIG's accounting. The regulators are looking into whether AIG, which Greenberg led for decades, used questionable financial transactions to improperly boost its results.

continued at http://money.cnn.com/2005/04/13/news/newsmakers/aig_greenberg.dj/index.htm?cnn=yes