One Year Later: Hank Greenberg reflects on AIG

The American International Group (AIG) of today has no value to its long-term shareholders, according to Maurice R. "Hank" Greenberg, the insurer's former longtime chairman and chief executive. After all, the government owns nearly 80 percent of it.

"Who's going to invest in a company that is 80 percent owned by the government except day traders?" Greenberg asked recently, speaking last week at a private lunch in New York.

The octogenarian is still puzzled over the events that took place a year ago.