that you think is going to work?
GREENBERG: Richard Booth and who?
DANKWA: Paula Reynolds who came from Safeco.
GREENBERG: Well she’s the one who ran Safeco.
DANKWA: That's right.
GREENBERG: She ran it I seem to recall on a downward slope.
CONCLUSION
DANKWA: Great. Just lastly maybe to wrap up the conversation, in your wildest dreams and I think I’ve heard you comment about this but did you ever imagine that AIG’s stock would be trading where it is now? I think we’re looking through some old statistics and it was... [AIG's stock earnings per share dropped in only on year. I think it was ’84.] Correct me if I’m wrong but is that something... that sort of blows you away?
GREENBERG: Well of course. If I had thought and my colleagues thought that AIG would ever sell anywhere close to where it is now we'd have sold all the stock. AIG was the strongest insurance company in history, not just now but in history. To believe that that company could confront the kind of financial disaster that took place and drove the stock down to where it is, is just mind boggling. This is not about Hank Greenberg. This is about all the people that I’m talking about. Their lives that have been just absolutely changed. What do you do when you’ve been working for 30 years in the company and you’ve saved and you have a net worth of close to $1 million and you’re looking forward to your retirement years and now it’s wiped out virtually? What do you do? You can multiply that by thousands of people. Of course I feel bad about that. I want to do anything I can to help. That’s why I’ve been doing what I’m doing.
DANKWA: Are you interested in buying some of the assets? You’ve talked about that?
GREENBERG: Yes, we’ll buy some assets if we think that they should be acquired. But the most important thing is to try and save AIG rather than buying assets, trying to save the company.
DANKWA: Great. Thank you so much for coming, Hank.
GREENBERG: Glad to be here. Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7