Science Fair Project Encyclopedia
Maurice R. Greenberg
Maurice R. "Hank" Greenberg is the former chairman and CEO of American International Group, or AIG.
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.
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.
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.
- "Greenberg and Sons", Fortune magazine, Feb. 21, 2005
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