Greenberg:
You don’t have control, and you don’t have management oversight, things can go wrong. And they did.
…
I think they got greedy. I think they wrote considerably more business than they should have.
Hard to argue with that. But it only happened after Greenberg left, of course.
Also: this is coming from the man whose net worth was rated by Forbes at $3.6 billion in 2004.
