Hank Greenberg Calls Martin Act a 'Disaster'

The transcript discusses the current status of a legal case involving Spitzer, highlighting the impact on jobs and AIG. It criticizes the Martin Act for its negative implications on business in New York. The conversation also touches on the political ambitions of attorneys general and suggests legal reforms to prevent conflicts of interest.

What is the speaker's sentiment about the current status of the legal case?

• Indifferent to the outcome

• Relieved that it's over

• Angry about the delays

• Glad the truth is emerging

Why does the speaker believe the Martin Act should be abolished?

• It is not enforced properly

• It makes doing business in New York dangerous

• It causes unnecessary job losses

• It is outdated and irrelevant

What is one reason businesses might not support abolishing the Martin Act?

• They have no opinion on the matter

• They are unaware of its implications

• They fear retribution from the attorney general

• They benefit from the Act

What does the speaker suggest to prevent attorneys general from pursuing political ambitions?

• A mandatory retirement age

• A limit on the number of terms they can serve

• A law preventing them from running for other public offices immediately

• A requirement to disclose political ambitions

According to the speaker, what is a consequence of the Martin Act on attorneys general?

• They focus on making headlines

• They gain more legal power

• They become more accountable

• They lose public trust