Common sense 1, jaw-dropping chutzpah, 0.
The AIG board met Wednesday to hear arguments over whether the giant insurer shouldjoin a controversial lawsuit against the government alleging that its 2008 bailout of the firm unfairly punished shareholders. Surely fearing a public relations blowback, it has elected not to join an effort launched by Maurice “Hank” Greenberg, a former chief executive of the company and major shareholder.
Source: Washington Post. Read full article. (link)