Former AIG (AIG) Chief Greenberg Turns Up the Heat

In an amended 13D filing on American International Group, Inc. (NYSE: AIG), former CEO Hank Greenberg, said he is considering and evaluating strategic alternatives designed to lead to the maximization of their investment in the company.

Greenberg believes that there are opportunities to significantly improve the company's performance and strategic direction, as well as the value of their investment.

Greenberg said he may hold talks with stockholders and third parties.

From the Filing:

"The Reporting Persons are considering and evaluating strategic alternatives designed to lead to the maximization of their investment in the Issuer. The Reporting Persons believe that there are opportunities to significantly improve the Issuer's performance and strategic direction, as well as the value of their investment. In this connection, the Reporting Persons anticipate holding discussions with stockholders and third parties that may address a number of issues, including without limitation, their respective views on the Issuer's business and prospects, the suggested disposition of certain of its operations, investment opportunities and concerns over the direction and management of the Issuer generally, and other opportunities to improve or realize on the value of their investment in the Issuer. At this time, the Reporting Persons have not made any decisions regarding their future intentions with regards to their plans and proposals with respect to the Issuer."