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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 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 Cornell University's Weill Medical College campus was named for him. 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. Reference
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