Greenberg to get carpet back after solving dispute with AIG

NEW YORK: AIG and former chief executive Maurice "Hank" Greenberg have reached an agreement to bury a long-standing, bitter legal battle and the insurer will turn over materials the former boss can use to write his memoir, as well as prized photographs and a Persian carpet.

The settlement is a feather in the cap of AIG Chief Executive Robert Benmosche, as it frees up the company's resources to deal with the more pressing matter of repaying taxpayers, which gave the company a $180 billion bailout to save it from collapse under soured mortgage bets last year.

Greenberg, who built AIG into the world's largest insurer over nearly four decades, had been locked in a costly and complicated legal tussle with the company dating back to his unhappy departure from the firm more than four years ago.