aggravating insurance giants

Hank Greenberg to Be Reunited With Beloved Rug

In case you missed it, Hank Greenberg and AIG finally settled years of acrimonious disputes late last week. In exchange for the former CEO dropping $1 billion worth of claims against it, the government-supported company agreed to pay Greenberg $150 million to cover his legal fees, and agreed to “return to Mr. Greenberg a Persian rug that used to be in the anteroom of AIG’s boardroom.” (It was really soft, you see, as it was made of actual Persian kittens.) [WSJ]

Hank Greenberg to Be Reunited With Beloved Rug