LYCOS RETRIEVER
Maurice Greenberg
built 229 days ago
Maurice Greenberg is a member of Weill Cornell Medical College's Board of Overseers, as well as Chairman Emeritus and Trustee of NewYork-Presbyterian Hospital's Board of Trustees. Mr. Greenberg is Chairman and CEO of American International Group (AIG), a leading global insurance and financial services organization. Additionally, he is Chairman of the Starr Foundation, one of the largest private foundations in the U.S.
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Maurice Greenberg is said to be a driving force behind the February 1986 downfall of Philippine President Ferdinand Marcos (Spotlight, June 16, 1997, page 6). The Spotlight newspaper, that avid world government watcher (see
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When Maurice Greenberg left high school in the year of Pearl Harbour, to join the U.S. Army, his plans for a career were unformed. When he was demobilized with a captain's rank, his plans were still not firm. But in the interval between the end of World War II and the Korean War, he had earned a law degree from New York University, and had been called to the bar. Recalled to the army, he won the Bronze Star for his service in Korea.
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Maurice Greenberg joined AIG in 1960 and became its President in 1967. He became its Chairman in 1989. With Greenberg at the helm, AIG grew from a small company into one of the world’s largest and most profitable financial-services company with a market capitalization of $168.5 billion. Greenberg Sr. owns nearly 2% but through offshore companies controls about another 12% of the stock of AIG.
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A listed illustrator and artist, Maurice Greenberg was born in Milwaukee, Wisconsin, and trained at the Wisconsin School of Art and the Art Institute of Chicago. He exhibited his artwork at the Art Institute in the 1920's and the late 1990's. He has been exhibited at many venues in the Midwest.
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Maurice Greenberg, known as Hank, is widely considered one of corporate America's most autocratic and irascible bosses. Amid the changes that came after the collapse of Enron, he may have failed to see that the landscape around him and his company had shifted, according to friends and colleagues who spoke about him on condition of anonymity. Mr. Greenberg may not have recognized, for example, that previously accepted insurance industry practices were now being viewed as questionable, these people said.
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