The Fall of a Titan

Corporate Abuses, Offshore, Scoops  

AlterNet, March 17, 2005.

Maurice Hank Greenberg, one of the world‘s richest men, and head of AIG, one of the world‘s largest financial companies, was forced to resign this week as prosecutors closed in on him and the company.

Given his economic and political power, the fall of Maurice Hank Greenberg, the 59th richest man in America and CEO of the American International Group (AIG), the world’s second-largest financial conglomerate (after Citigroup), is stunning.

European Railroads: The best way to go has gotten faaaster!

Travel  

I attended a New York press conference sponsored by the French National Tourist Office. One of the speakers, Fabrice Morel, president of Rail Europe Group, told us that French trains were picking up so much speed that Marseilles and Bordeaux were now only three hours from Paris.