Bloomberg LP London

Bloomberg Markets Magazine Examines AIG's Future In Wake of Scandal

    New York (ots/PRNewswire) - The May issue of Bloomberg Markets Magazine offers a comprehensive look inside the insurance giant AIG, and the scandals that forced its 79-year-old CEO, Maurice "Hank" Greenberg, to step down. Bloomberg Markets senior writer Richard Teitelbaum gives readers the whole story, from New York State Attorney General Eliot Spitzer's probe to questions surrounding AIG's aggressive business tactics and opaque financial dealings.

    The Bloomberg Markets story features an exclusive interview with Greenberg, conducted before his resignation, in which the embattled insurance executive defends his firm's take-no-prisoners corporate culture and outlines the steps AIG is taking to put its regulatory house in order.

    The probe by Spitzer is not the only challenge facing AIG, according to Bloomberg Markets. The story also examines complaints by consumer advocates and issues surrounding the firm's financial disclosure and Byzantine insurance dealings. The Bloomberg Markets story profiles new CEO Martin Sullivan, who will have to address these and other matters.

    The May edition of Bloomberg Markets will hit newsstands in mid-April and will be available for sale at all local Borders and Barnes & Noble bookstores and other local newsstands. Bloomberg Markets is distributed to all Bloomberg terminal users. Bloomberg Markets articles are also available on the Bloomberg terminal.

    About Bloomberg

    Bloomberg is the leading global provider of data, news and analytics. The BLOOMBERG TERMINAL(TM) and Bloomberg's media services provide real-time and archived financial and market data, pricing, trading, news and communications tools in a single, integrated package to corporations, news organizations, financial and legal professionals and individuals around the world. Bloomberg's media services include BLOOMBERG NEWS(R), the global news service that includes more than 1,600 journalists in 103 bureaus worldwide; BLOOMBERG TELEVISION(R), the 24-hour business and financial network produced and distributed worldwide on 10 separate channels in seven languages; and BLOOMBERG RADIO(SM), which provides up-to-the-minute news on XM, Sirius and WorldSpace satellite radio around the world and on WBBR 1130AM in New York. In addition, Bloomberg Press publishes books for investment professionals. For more information please visit

    About Bloomberg Markets

    Bloomberg Markets is a monthly magazine providing insight into financial executives, the firms where they work, and the companies in which they invest. Bloomberg Markets has a 300,000 world-wide circulation and is published monthly by Bloomberg News. Bloomberg Markets is available to all Bloomberg terminals users and sold in local newsstands and in Borders and Barnes & Noble bookstores.

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ots Originaltext: Bloomberg LP London
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Loren Riegelhaupt of Sloane & Company, +1-212-446-1871,, for Bloomberg

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