Hank Greenberg Tells Bloomberg TV: Leaders Need Courage, Loyalty

Hank Greenberg Tells Bloomberg TV: Leaders Need Courage, Loyalty

NEW YORK, Dec. 23 /PRNewswire/ -- In a half-hour interview that will air on Bloomberg Television(R) tomorrow, Saturday December 24, former American International Group Inc. Chairman Maurice "Hank" Greenberg discusses leadership, his battle with New York Attorney General Eliot Spitzer, his views on China and his plans for C.V. Starr and Starr International, the two companies he still runs with combined assets of nearly $25 billion.

During the Bloomberg Television interview, Greenberg talks about his disappointment in the AIG Board of Directors who forced him out last March. Greenberg talks about the "courage and loyalty" that leaders of a company need, telling Bloomberg TV, "There are two things that you need as a leader ... you can have vision, you can have strategy, if you don't have courage and you don't have loyalty, those are two things that may be lacking in some people."

On U.S. trade relations with China, Greenberg tells Bloomberg TV, "Yes, we do have a current account deficit with China, but to solve it is not to put barriers up, or to not to increase tariffs."

"I think China should free the currency only when they have the controls in place, so that they can manage the foreign exchange," Greenberg tells Bloomberg TV. "They don't have a significant capital markets in the country today and they need a capital markets in order to compete."

Clips from the extensive interview are currently airing on Bloomberg Television. The interview is available to users of the Bloomberg Professional(R) service via AV < GO > in its entirety as an archived video file. On Saturday, December 24, Bloomberg Television will air the interview in its entirety beginning at 7:00 a.m. ET. The segment will repeat every 90 minutes throughout Saturday and Sunday.

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Source: Bloomberg

CONTACT: Judith Czelusniak of Bloomberg LP, +1-212-617-4273,
bloomberg@bloomberg.net; or Jeffrey Weir of Sloane & Company, +1-212-446-1878,
jweir@sloanepr.com, for Bloomberg

Web site: http://www.bloomberg.com/

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