Maurice R. Greenberg

Maurice R. "Hank" Greenberg is the former chairman and CEO of American International Group, or AIG.

Related Topics:
Maurice R. "Hank" Greenberg - American International Group

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In 1962 Greenberg was named by AIG's founder, Cornelius Vander Starr, as the head of AIG's failing North American holdings. In 1968, Starr picked Greenberg as his successor.

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Greenberg is a billionaire whose worth is roughly $3.6 billion. He is the father of Jeffrey W. Greenberg, former chairman and CEO of Marsh & McLennan Companies (MMC), and of Evan G. Greenberg, president and CEO of ACE Limited. Together, the father and his sons controlled a major portion of the insurance industry.

Related Topics:
Billionaire - Worth - Jeffrey W. Greenberg - Marsh & McLennan Companies - Evan G. Greenberg - ACE Limited - Insurance

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Greenberg is a Director Emeritus and Honorary Vice Chairman of the Council on Foreign Relations. In the 1980s, his extensive foreign connections prompted the Reagan administration to offer him a job as Deputy Director of the CIA, which he declined.

Related Topics:
Council on Foreign Relations - CIA

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Greenberg has been a major contributor to multiple institutions, including the New York-Presbyterian Hospital, where he was the longtime director of the Bord of Trustees. The newest hospital building on the Cornell Medical College campus was named for him.

Related Topics:
New York-Presbyterian Hospital - Cornell Medical College

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On March 15, 2005, Greenberg stepped down under the shadow of criticism from Eliot Spitzer, attorney general of New York State. On May 26, 2005, Spitzer filed a complaint against AIG, Maurice Greenberg, and Howard I. Smith (ex-CFO of AIG) alleging fraudulent business practice, securities fraud, common law fraud, and other violations of insurance and securities laws.

Related Topics:
March 15 - 2005 - Eliot Spitzer - New York - Howard I. Smith

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