Knowledge (XXG)

Maurice R. Greenberg

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540:, Greenberg listened for fifteen minutes while Ahmadinejad continued talking about the Palestinians, World War II, and if the Holocaust killings had happened at all. Sanger writes, "Then Hank Greenberg, who had been on a slow boil through the evening, spoke up. He had been a young soldier at the end of the war, and participated in the liberation of the camps. 'I went through Dachau in the war and saw with my own eyes.'" President Ahmadinejad responded by asking if Greenberg was old enough to have participated in the liberation of Dachau. "I'd like an answer regarding whether you think the Holocaust occurred," insisted Greenberg. To which Ahmadinejad replied "I think we should allow more impartial studies to be done on this." 38: 390:, to be the first chairman of the International Business Leaders' Advisory Council for the Mayor of Shanghai. In 1994 Greenberg was appointed senior economic advisor to the Beijing municipal government. He was awarded "Honorary Citizen of Shanghai" in 1997. He is a member of the advisory board of the Tsinghua School of Economics and Management, a member of the International Advisory Council of the China Development Research Foundation and China Development Bank. Greenberg was appointed as a member of the 289:
Company in 1962. He was elected director of C.V. Starr in 1965, chairman and chief executive officer in 1968 and continues in that role. Greenberg is also the chairman of the board of directors and managing director of Starr International Company Inc. C.V. Starr and Starr International are collectively known as the Starr Companies. Greenberg was named the most connected business executive in New York by
280:, criticizing the board of directors of AIG. In an interview with Reactions magazine in March 2010, serialized over three parts, Greenberg stated that he did not condone AIG's strategy of selling non-core assets to pay back the United States government, and believed the terms under which AIG was provided access to bail-out funds needed to be renegotiated. 1678: 351:
to bring the case, holding that standing belonged solely to AIG, which had not sued. The Supreme Court declined in 2018 to review the case. The market value of the 79.9% of AIG common stock the government acquired on the day the government agreed to loan AIG up to $ 85 billion was $ 55.4 billion. By
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He is chairman and chief executive officer of C.V. Starr, a global insurance and investment organization that is named for the founder of AIG, Cornelius Vander Starr. He joined C.V. Starr as vice president in 1960 and was given the additional responsibilities of president of American Home Assurance
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In July 2022, Greenberg announced the founding of a group composed of senior U.S. business and policy leaders who share the view that the United States should engage more constructively with China. Greenberg stated, "The deteriorating state of affairs between the U.S. has destabilized the most
332:. The New York State trial counsel said a guilty verdict was needed to "send a message to CEOs of other companies" that "you can’t do this sort of thing." The case was resolved on February 10, 2017, subject to a settlement in which Greenberg admitted to fraud and agreed to pay $ 9 million. 1682: 263:, as the head of AIG's North American holdings after working for Continental Casualty Company, a unit of CNA in Chicago. In 1968 Starr picked Greenberg as his successor. Greenberg held the position until March 2005, when he retired from AIG and was replaced by 486:, a trustee for the School of Risk Management, Insurance, and Actuarial Science and is the chairman of the Academic Medicine Development Company (AMDeC) Foundation. Greenberg also serves as a member of the President's Council on International Activities of 1318: 2312: 327:
brought civil fraud charges against Greenberg in May 2005, charging him with engaging in fraud to exaggerate AIG’s finances. On September 13, 2016, the fraud case against Greenberg came to trial in a state courthouse in
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In November 2012, a Manhattan court dismissed Greenberg's claims that the Federal Reserve Bank of New York breached its fiduciary duties to AIG shareholders. The ruling was upheld in appeals court in January 2014.
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In February 2014, Greenberg led a group through Starr Investment Holdings that acquired health insurance claims processor MultiPlan Inc. for around $ 4.4 billion. This group, on May 5, 2016, sold MultiPlan Inc. to
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charged Greenberg for his involvement in alleged fraudulent accounting transactions that inflated AIG’s finances. Without conceding or denying the SEC charges, Greenberg agreed to pay $ 15 million in penalties.
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important bilateral relationship in the world," and the new group is intended to "help foster a meaningful but frank exchange between the U.S. and Chinese governments on issues of mutual concern."
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the end of 2012, AIG had repaid all of its loans and the government had made a $ 17.7 billion profit on the AIG equity it had acquired as a result, plus $ 6.7 billion in interests and fees.
399: 2755: 2740: 2605: 2459: 2162: 344: 2760: 1581: 479: 339:, the lawsuit requested $ 55.5 billion in damages against the government stemming from the government's financial bailout of AIG in 2008. Following a trial in Fall 2014, the 704: 737: 1458: 1376: 1063: 990: 2745: 438: 2720: 2056:"Greenberg & Sons – AIG CEO Hank Greenberg is a tough boss and a tough dad. Two of his sons left his company in anger. If only the story had ended there" 1165: 556: 530:
hosted a small meeting of select council members with Ahmadinejad, who began by saying that we need to "continue studying" whether it happened. According to
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alleging that Spitzer made repeated defamatory statements against him. In November 2020, a judge dismissed Greenberg’s defamation case against Spitzer.
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for approximately $ 7.5 billion. Under Greenberg’s leadership, Starr has invested more than $ 1 billion in China since 2005. Starr led the IPO for the
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In December 2013, Greenberg filed a complaint with the New York State Joint Commission on Public Ethics alleging that New York State Attorney General
2585: 491: 316: 304: 2445: 1293: 340: 2750: 568: 560: 1858: 2765: 2735: 2710: 2705: 2324: 503: 2240: 2206: 2172: 2117: 1868: 1916: 1884: 2307: 1751: 1196: 1093: 442: 213: 108: 2347: 510:, Greenberg oversees the disbursement of major financial support to academic, medical, cultural and public policy institutions. 2636: 2590: 2595: 2297: 1725: 564: 499: 475: 177:, New York City. His father, Jacob Greenberg, died when Hank was six and his mother, Ada Rheingold, married a dairy farmer. 2329: 1544: 1071: 610: 2468: 2405: 2385: 2081: 1436: 584: 527: 455: 391: 324: 291: 158: 2055: 1222: 1119: 2600: 370:
had violated the state's public officer's law by making disparaging comments about him that could potentially taint a
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ruled in June 2015 that the federal government acted without authority, but did not award any damages. On appeal,
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In late 2011, Greenberg's Starr International announced a lawsuit against the federal government. According to
2082:"Cathleen London, M.D. | Weill Cornell Physicians Organization | Advancing Science. Enhancing Life" 614: 430: 1961: 1805: 1417: 398:, honorary chair of the U.S.-China Policy Foundation and is vice-chairman of the board of directors of the 2695: 2657: 2482: 2377: 643: 467: 260: 37: 799: 2569: 838: 495: 459: 157:(born May 4, 1925) is an American business executive and former chairman and chief executive officer of 1939: 429:
and chairman of the U.S.-Korea Business Council. Greenberg has served on the board of directors of the
300: 1012: 766: 2700: 2673: 2559: 2395: 606: 507: 471: 276: 142: 892: 738:"Hank Greenberg's Starr Investments Buying Healthcare Claims Company Multiplan for Over $ 4 Billion" 307:(PICC), and acquired Dazhong Insurance, the first privatization of a state-owned insurance company. 2549: 2505: 1273: 824: 519: 483: 434: 232: 220: 91: 80: 2107: 2531: 2495: 2415: 2268: 2014: 681: 536: 264: 244: 189: 181: 2040: 414:. Greenberg was presented the Friendship Medal for Contribution to China’s Reform by President 2631: 2564: 2539: 2518: 2510: 2317: 2236: 2202: 2196: 2168: 2113: 1974: 1864: 1326: 969: 620: 445:
from 1988-1995 and served as its Chairman 1994-1995. He was awarded "CEO of the Year 2003" by
411: 367: 205: 174: 146: 2230: 2554: 2198:'Wealth Management: Private Banking, Investment Decisions, and Structured Financial Products 1885:"Crazy like a Fox: Business Leader Maurice R. Greenberg Describes Ahmadinejad's Performance" 1518: 1138:"SEC Charges Hank Greenberg and Howard Smith for Roles in Alleged AIG Accounting Violations" 897: 776: 660:
Wealth Management: Private Banking, Investment Decisions, and Structured Financial Products
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He is founding chairman of the U.S.-Philippine Business Committee, chairman emeritus of the
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having joined the Board in 1979. He serves as a member of the board of overseers of the
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and is active in a number of other civic and charitable organizations. As chairman of
2689: 410:, supports the studies of ten Chinese students from low-income families each year at 360: 271:. In 1987, he appointed Kissinger as chairman of AIG's International Advisory Board. 68: 1602: 1137: 463: 228: 185: 2294: 919: 602:
Greenberg married Corinne Phyllis Zuckerman in 1950 and they have four children:
235:. He was admitted to the New York Bar in 1953 but did not practice law. He holds 227:
fraternity, and received his bachelor's degree in 1948. In 1950, he obtained his
2647: 549: 433:, the President's Advisory Committee for Trade Policy and Negotiations, and the 2437: 1860:
The Inheritance: The World Obama Confronts and the Challenges to American Power
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In July 2013 Greenberg filed a civil lawsuit against New York Attorney General
2641: 2140: 825:"Ceremony for the 70th Anniversary of the Normandy Landings at Liberty Island" 415: 394:'s Council of International Advisers from 1998 to 2005. He is a member of the 383: 201: 2085: 1653: 1330: 1548: 624: 406:. The Maurice "Hank" Greenberg Scholarship, administered in his name by the 1703: 19:
This article is about the business executive. For the baseball player, see
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Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG
1781: 771: 650:, published in 2013. Greenberg's career is chronicled in the 2006 book 1493: 1166:"Trial Begins for Maurice Greenberg, Ex-A.I.G. Chief Accused of Fraud" 2361: 1940:"Former AIG chairman Hank Greenberg invests $ 10 million in Jeb Bush" 2339: 1351:"Ex-AIG chief wins bailout suit against feds, but gets zero damages" 959:, New York: Simon & Schuster, 1992, (updated 2005). (pp. 739–40) 1094:"Group led by Greenberg's Starr to buy MultiPlan for $ 4.4 billion" 656:
All the Devils Are Here: The Hidden History of the Financial Crisis
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of Aquiline Capital Partners, which he founded in 2005 in New York.
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The United States Life Insurance Company in the City of New York
170: 2441: 654:. He and his son, Jeffrey, are also discussed in the 2011 book 474:. Greenberg is chairman emeritus of the Board of Trustees of 1459:"Ex-AIG hed Greenberg files complaint against Schneiderman" 1473:"CE discusses economic issues with international advisers" 1377:"Ex-AIG CEO Greenberg loses appeal over insurer's bailout" 2716:
American chief executives of financial services companies
2348:$ 50 Million Gift to Advance Yale’s China Collaborations 1863:. New York: Random House and Google Ebooks. p. 60. 1223:"Former AIG head admits role in $ 500M accounting fraud" 761: 759: 705:"Crain Lifetime Achievement Award: Maurice R. Greenberg" 579:
There are a number of Maurice R. Greenberg Fellowships:
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National Union Fire Insurance Company of Pittsburgh, PA
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Hank Greenberg Weighs in on AIG on The Strategy Session
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Council on Foreign Relations: Biographical information
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threw out the original case, ruling that Starr lacked
2001:"Jeff Greenberg Chairman and Chief Executive Officer" 1658:
Peterson Institute for International Economics (PIIE)
462:. He is a former chairman and current trustee of the 400:
National Committee on United States – China Relations
1574:"We Want to Rebuild U.S. Relations With China - WSJ" 1120:"Hellman & Friedman Reach Deal to Buy MultiPlan" 732: 730: 728: 726: 724: 2666: 2624: 2616:
The Variable Annuity Life Insurance Company (VALIC)
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L. Scott Greenberg, venture capitalist in New York.
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Weill Cornell Medical College of Cornell University
137: 114: 104: 76: 47: 28: 1567: 1565: 1437:"AIG's ex-CEO Greenberg files lawsuit vs. Spitzer" 1164: 862: 860: 686:1952: Bronze Star Medal, for service in Korean War 402:. Greenberg sits on the steering committee of the 1975:"The Maurice R. Greenberg Chair in China Studies" 1726:"President's Council on International Activities" 609:, former chairman and chief executive officer of 563:and at a later point also donated $ 5 million to 518:Greenberg gained visibility when he clashed with 437:and is a member of the Board of Directors of the 204:, rising to the rank of captain. He received the 2325:Asia Times on Greensberg-AIG Connection to China 454:Greenberg was vice chairman and director of the 2424:Chairman & CEO of C.V. Starr & Company 2275:Review: James Freeman, "Insurer to the World," 1191: 1189: 1187: 548:Greenberg is a Republican donor. He donated to 259:In 1962, Greenberg was named by AIG's founder, 2756:United States Army personnel of the Korean War 2741:Peterson Institute for International Economics 1962:Rubio super PAC raised $ 25 million last month 1800: 1798: 920:"Staff & Directors - Maurice R. Greenberg" 439:Peterson Institute for International Economics 267:. Greenberg was a social friend and client of 2453: 583:Maurice R. Greenberg Chair in China Studies, 8: 2761:United States Army personnel of World War II 2304:, "The Strategy Session", CNBC, May 26, 2011 955:Kissinger connection – see Walter Isaacson, 590:Maurice R. Greenberg World Fellows Program, 557:2016 Republican Party presidential primaries 2141:"Ron Shelp - Fallen Giant - About the Book" 1917:"Hank Greenberg Says He's Backing Jeb Bush" 1070:. Crain's New York Business. Archived from 658:. Greenberg is discussed in the 2011 book, 345:US Court of Appeals for the Federal Circuit 212:as a result of his military service in the 2460: 2446: 2438: 2366: 2195:Chorafas, Dimitris N. (24 February 2011). 1547:. US-China Education Trust. Archived from 1007: 1005: 1003: 1001: 999: 970:"The Biggest Loser of All: Hank Greenberg" 623:, chairman and chief executive officer of 36: 25: 1704:"Hospital Leadership - Board of Trustees" 1461:. Long Island Newsday. December 30, 2013. 800:"Been there, done that - for a long time" 744:. Jewish Business News. February 17, 2014 498:. He is on the board of directors of the 2232:Black 9/11: Money, Motive and Technology 1288: 1286: 664:Black 9/11: Money, Motive and Technology 2586:American General Life Insurance Company 2330:"A followup on AIG with Hank Greenberg" 1756:Manhattan Institute for Policy Research 1524:China–United States Exchange Foundation 1142:U.S. Securities and Exchange Commission 696: 674:2015: Commander of the Legion of Honour 492:Manhattan Institute for Policy Research 404:China–United States Exchange Foundation 317:U.S. Securities and Exchange Commission 198:liberation of Dachau concentration camp 16:American business executive (born 1925) 2596:Fuji Fire and Marine Insurance Company 2746:Philanthropists from New York (state) 2106:Greenberg, Maurice (9 January 2013). 1406:, 138 S.Ct., 1324 (2018). 1163:Smith, Randall (September 13, 2016). 559:, he donated $ 10 million to support 534:, Chief Washington Correspondent for 7: 2054:Leonard, Devin (February 21, 2005). 1891:. September 21, 2006. Archived from 1572:Greenberg, Maurice R. (2022-07-07). 1519:"US-China 2022 - Steering Committee" 633:Cathleen Greenberg London, physician 382:In 1990, Greenberg was appointed by 2721:American International Group people 1938:McCaskill, Nolan (7 January 2016). 839:"Best Fraternities For Future CEOs" 305:People's Insurance Company of China 2731:Jewish American military personnel 2161:McLean, Bethany (30 August 2011). 1915:Bender, Michael (1 October 2015). 1319:"Ruling in A.I.G. Bailout Lawsuit" 504:American Museum of Natural History 470:and is an honorary trustee of the 14: 2726:Businesspeople from New York City 1274:"A.I.G. Rejects Shareholder Suit" 1092:Roumeliotis, Greg (17 Feb 2014). 939:"Greenberg and A.I.G. Sever Ties" 937:Anderson, Jenny (29 March 2005). 638:Works by and about Hank Greenberg 514:Incident with Mahmoud Ahmadinejad 2522:(current non-executive chairman) 2015:"Jeffrey Wayne Greenberg "Jeff"" 1960:Kennet P. Vogel (20 March 2016) 1435:Rojas, Marcela (July 15, 2013). 1416:Bray, Chad (November 19, 2012). 1064:"200 Most-Connected New Yorkers" 575:Maurice R. Greenberg Fellowships 443:Federal Reserve Bank of New York 214:European theatre of World War II 155:Maurice Raymond “Hank” Greenberg 2591:American Home Assurance Company 1403:Starr Intern. Co., Inc. v. U.S. 494:. He is the former chairman of 127: 662:He is noted in the 2012 book, 611:Marsh & McLennan Companies 500:International Rescue Committee 476:New York-Presbyterian Hospital 274:In 2008, he appeared on ABC's 1: 1810:Cold Spring Harbor Laboratory 1629:"Maurice R. "Hank" Greenberg" 972:. ABC News. 18 September 2008 526:. On September 20, 2006, the 522:over the Iranian president's 502:, is a former trustee of the 2469:American International Group 2406:American International Group 2386:American International Group 1979:Council on Foreign Relations 1498:U.S.-China Policy Foundation 1418:"Judge Tosses Suit Over AIG" 585:Council on Foreign Relations 552:'s presidential candidacy. 528:Council on Foreign Relations 466:, a trustee emeritus of the 456:Council on Foreign Relations 159:American International Group 2751:United States Army officers 2601:Lexington Insurance Company 2514:(current president and CEO) 2229:Gaffney, Mark (June 2012). 1633:Richard U. Light Fellowship 1197:"Hank Greenberg Fast Facts" 1017:Starr International Company 767:"Hank Greenberg Fast Facts" 441:. He was a director of the 247:, New York Law School, and 223:, where he was a member of 2782: 2766:University of Miami alumni 2736:New York Law School alumni 2711:21st-century American Jews 2706:20th-century American Jews 798:Amy He (January 1, 2016). 565:Conservative Solutions PAC 490:. and on the board of the 249:The Rockefeller University 169:Greenberg was born into a 18: 2429: 2422: 2412: 2402: 2392: 2382: 2374: 2369: 2112:. John Wiley & Sons. 2041:"Chubb Evan G. Greenberg" 1607:US-ASEAN Business Council 427:US-ASEAN Business Council 396:US-China Business Council 392:Hong Kong Chief Executive 325:New York Attorney General 292:Crain's New York Business 52:Maurice Raymond Greenberg 35: 2642:American General Finance 2313:"World's Richest People" 1857:Sanger, Dave E. (2009). 408:US-China Education Trust 180:Greenberg served in the 165:Early life and education 2164:All The Devils Are Here 1730:Office of the President 1706:. New York Presbyterian 1422:The Wall Street Journal 993:, March 2010, Reactions 524:denial of the Holocaust 482:, as a life trustee of 431:New York Stock Exchange 341:Court of Federal Claims 219:Greenberg attended the 2658:PineBridge Investments 2483:Cornelius Vander Starr 2378:Cornelius Vander Starr 2266:"Greenberg and Sons", 1832:"The Starr Foundation" 1494:"USCPF Honorary Chair" 1013:"Maurice R. Greenberg" 957:Kissinger: A Biography 742:jewishbusinessnews.com 677:2014: Legion of Honour 644:Lawrence A. Cunningham 569:Marco Rubio's campaign 468:Rockefeller University 301:Hellman & Friedman 261:Cornelius Vander Starr 2570:Ronald A. Rittenmeyer 1905:Sanger, Dave E. ibid. 1889:The National Interest 1068:www.crainsnewyork.com 544:Political involvement 496:The National Interest 460:Trilateral Commission 2674:Corebridge Financial 2579:Current subsidiaries 2560:Suzanne Nora Johnson 2491:Maurice R. Greenberg 2396:Robert B. Willumstad 2354:, September 28, 2006 2336:, September 17, 2008 2272:, February 21, 2005. 1654:"Board of Directors" 1603:"Board of Directors" 924:The Starr Foundation 868:"Greenberg, Maurice" 607:Jeffrey W. Greenberg 587:(senior fellowship). 561:Jeb Bush's candidacy 508:The Starr Foundation 472:Museum of Modern Art 458:and a member of the 315:In August 2009, the 277:Good Morning America 30:Maurice R. Greenberg 2625:Former subsidiaries 2550:John H. Fitzpatrick 2506:Robert H. Benmosche 2370:Business positions 2277:Wall Street Journal 1895:on October 4, 2006. 1752:"Board of Trustees" 1578:Wall Street Journal 1255:. February 10, 2017 1229:. February 10, 2017 1124:Wall Street Journal 520:Mahmoud Ahmadinejad 484:New York University 435:Business Roundtable 233:New York Law School 221:University of Miami 188:, participating in 92:New York Law School 81:University of Miami 2532:Board of directors 2496:Martin J. Sullivan 2416:Martin J. Sullivan 2300:2016-03-05 at the 1838:on 14 October 2013 1806:"2009 DHMD Dinner" 1545:"GSS Scholarships" 1381:Business Insurance 1323:The New York Times 1278:The New York Times 1043:starrcompanies.com 943:The New York Times 893:"Honorary Degrees" 845:. January 31, 2003 804:China Daily Europe 709:Business Insurance 682:Double Helix Medal 537:The New York Times 265:Martin J. Sullivan 245:Middlebury College 190:Operation Overlord 182:United States Army 2683: 2682: 2632:Chartis Insurance 2565:Douglas Steenland 2540:Brian Duperreault 2523: 2519:Douglas Steenland 2515: 2511:Brian Duperreault 2487: 2436: 2435: 2413:Succeeded by 2393:Succeeded by 827:. 6 October 2014. 621:Evan G. Greenberg 412:Yunnan University 368:Eric Schneiderman 208:, and the French 184:in Europe during 175:Greenwich Village 152: 151: 120:Corinne Zuckerman 42:Greenberg in 2019 2773: 2555:Robert S. Miller 2521: 2513: 2485: 2462: 2455: 2448: 2439: 2375:Preceded by 2367: 2344:official website 2269:Fortune magazine 2254: 2253: 2251: 2249: 2226: 2220: 2219: 2217: 2215: 2192: 2186: 2185: 2183: 2181: 2158: 2152: 2151: 2149: 2147: 2137: 2131: 2130: 2128: 2126: 2103: 2097: 2096: 2094: 2093: 2084:. Archived from 2078: 2072: 2071: 2069: 2067: 2051: 2045: 2044: 2037: 2031: 2030: 2028: 2026: 2011: 2005: 2004: 1997: 1991: 1990: 1988: 1986: 1971: 1965: 1958: 1952: 1951: 1949: 1947: 1935: 1929: 1928: 1926: 1924: 1912: 1906: 1903: 1897: 1896: 1881: 1875: 1874: 1854: 1848: 1847: 1845: 1843: 1834:. Archived from 1828: 1822: 1821: 1819: 1817: 1802: 1793: 1792: 1790: 1788: 1778: 1772: 1771: 1769: 1767: 1762:on 26 April 2015 1758:. Archived from 1748: 1742: 1741: 1739: 1737: 1722: 1716: 1715: 1713: 1711: 1700: 1694: 1693: 1691: 1690: 1681:. Archived from 1674: 1668: 1667: 1665: 1664: 1650: 1644: 1643: 1641: 1639: 1625: 1619: 1618: 1616: 1614: 1599: 1593: 1592: 1590: 1589: 1580:. 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Index

Hank Greenberg

New York City
University of Miami
BA
New York Law School
LLB
Republican
Jeffrey
Evan
American International Group
Jewish
Greenwich Village
United States Army
World War II
Operation Overlord
Normandy
liberation of Dachau concentration camp
Korean War
Bronze Star
Legion of Honour
European theatre of World War II
University of Miami
Sigma Alpha Mu
law degree
New York Law School
honorary degrees
Brown University
Middlebury College
The Rockefeller University

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