听力练习

AIG sues former CEO

The insurance giant accuses former chief 'Hank' Greenberg and 6 others of misappropriating $20 billion of AIG shares.

The world’s largest insurer by asset is suing its CEO and 6 other executives. AIG is suing the man that ran their company for 38 years, Hank Greenberg, and also the former CFO and other executives at the company for what they say was misappropriation of 20 billion dollars worth of AIG stock. Here is a look at where AIG is, up a little bit today but still well off the highs it’s seen over the past year.

I want to get into exactly what this means, give you some context cause' it is a bit confusing. This case was filed in New York Supreme Court on Wednesday. Now what it says is that Hank Greenberg, also CFO, former CFO, Howard Smith, took over company stock held by AIG affiliate Starr International back in 2005. Starr International is the largest shareholder in AIG, AIG claims the defendants put themselves on Starr's board, converted the Starr into a private investment vehicle.

Now this just escalates a legal conflict that has been brewing between AIG and Hank Greenberg for quite some time. Remember back in March of 05, Greenberg was forced to step down from AIG, two months later, uh, then New York State Attorney General Eliot Spitzer sued Greenberg accusing him of ordering improper transactions as a means to hide losses and also inflate reserves.

That case is still pending, but again, this comes as just another hit for the man that ran AIG for 38 years. The complaint, it seeks to prevent Greenberg and also the former CFO, Howard Smith and other executives from selling AIG stock.

Notes:

Brew: To be imminent; impend

文本参考中文翻译

世界资产最大的保险公司正在起诉其前CEO和其他6名管理人员。AIG起诉经营了该公司38年的前CEO Hank Greenberg和前CFO以及其他几名管理人员，声称他们挪用价值200亿美元的AIG股票。今天AIG股价上涨了一点，但是仍然远远低于去年的最高水平。

我觉得要弄清楚我的意思，需要了解一些背景，因为情况很令人困惑。这起案件周三在纽约高级法院进行。据称，Hank Greenberg和前CFO Howard Smith于2005年接管了AIG的分公司Starr International。Starr International是AIG最大的股东。AIG称，被告人名自己为Starr的董事会成员，将Starr转变成私人投资机构。

现在，AIG和Hank Greenberg之间酝酿多时的司法冲突已经在扩大。2005年3月份，Greenberg曾被迫从AIG辞职。两个月之后，纽约州检察总长起诉Greenberg瞒报损失，夸大资产。

该案件目前仍然悬而未决，但是，这对经营了AIG 38年的这个人又是一个重大打击。该起诉主要是为了防止Greenberg和前CFO Howard Smith以及其他管理人员出售AIG股票。

单词注解：

Brew：即将到来，酝酿