Greenberg: "AIG in Crisis"

I was trying to search the net for the full letter from Maurice Greenberg to AIG but without success. Instead I thought I would compile and post below whatever selected quotes that have been published elsewhere for the benefits of our readers:

"Several top shareholders of AIG have called me expressing deep concern about the persistent and seemingly endless destruction of value at AIG"

"AIG is in crisis"

"The company's shareholders need to absorb the significance of the company's first-quarter losses"

"They (investors) also need time to consider the board's response to the crisis and the issues raised by this letter. "

"For this reason and others, a postponement of this week's annual meeting should be considered, so that all shareholders can give careful thought to how best to move AIG forward"

"AIG hasn't explained properly why it's raising $12.5 billion in new capital, while also increasing its dividend 10%"

"These events have led to a complete loss of credibility with the investment community"

Source: AOL Money, Fox Business, TheStreet.com