Former AIG head retains adviser to evaluate his investment in the company

By Lisa Kerner

Charlotte, N.C., Jan. 9 - Former chief executive officer of American International Group, Inc. Maurice R. Greenberg and additional reporting persons are retaining an investment banking firm as a financial adviser to analyze and evaluate their investment in the company.

Currently, the reporting persons do not intend to solicit proxies, initiate a tender offer, purchase additional shares of AIG common stock or become officers or directors of the company.

The reporting persons "have no intention, individually or collectively, of taking any actions which are designed to direct or cause the direction of the management and policies" of AIG or otherwise exercise control over the company, according to a schedule 13D filing with the Securities and Exchange Commission.

However, Greenberg and his affiliates reserve the right to change their plans and intentions, including the right to decrease their investment in AIG.

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