Reply #122: The Greenberg Family

[DrDebug]

Just as a reminder:

American International Group = Maurice "Hank" Greenberg

Marsh & McLennan = Jeffrey Greenberg

Ace = Evan Greenberg

Bear Stearns = Alan Greenberg

Kroll always had AIG as shareholder and is currently part of Marsh.

Alan is nicknamed Ace but Ace is owned by Evan. During Enron the gentleman did some revolving chairs as well. As mentioned above: They are partners in fraud with the Bush family.

Jeffrey Greenberg
Jeffrey W. Greenberg is the former chairman and CEO of Marsh & McLennan Companies. His father is Maurice Greenberg, former chairman and CEO of AIG, and Director Emeritus and Honorary Vice Chairman of the Council on Foreign Relations (CFR). His brother is Evan Greenberg, president and CEO of ACE Limited. Jeffrey Greenberg is also a member of the CFR and serves as a trustee of the Brookings Institution.

Maurice Greenberg
Maurice R. "Hank" Greenberg, "ranked 132 in the world and 59th in the US with assets of $3.1 billion," was forced out as Chairman of top insurance company American International Group (AIG) after the company "admitted to $1.7 billion in improper accounting." In Spring 2005, "two of Greenberg's sons, both executives in the insurance business, have also been tarnished by scandal." (1)

He is also a member on the Council on Foreign Relations. His son Evan Greenberg is the CEO of ACE. His son Jeffrey Greenberg is CEO of Marsh and Alan Greenberg is CEO of Bear Stearns. A family that preys together, stays together.

Greenberg is well-known in Washington where he known for raising large amounts of money. Greenberg was one of the President George W. Bush's 'Rangers' which means he personally raked in more than $200,000 for the reelection campaign. At the same time, he is also known for his access to members of the cabinet and Congress. This access has paid-off as the administration has often supported Greenberg on a number of issues ranging from access to China to terrorism insurance (1)

Affiliations
* Chairman, Nixon Center (2)
"Greenberg and AIG have further expanded their reach through the use of the $5 billion Starr Foundation, named after the founder of the company Cornelius Vander Starr. It supports influential groups such as the Council on Foreign Relations and the National Chamber Foundation, associated with the US Chamber of Commerce," (1)

Sources
1. http://www.csmonitor.com/2005/0401/p03s01-usju.html
2. http://www.sourcewatch.org/index.php?title=Maurice_R._Greenberg

Evan Greenberg
Evan Greenberg is President and CEO of ACE Limited. He is the son of Maurice Greenberg.

1997-2000: Serves as president and COO of AIG.

2001: Vice chairman of Ace Limited; CEO of ACE Tempest Re.

2002: CEO of ACE Overseas General.

2003: President and chief operating officer of ACE Limited; chairman of ACE Tempest Re.

2004: President and chief executive officer, ACE Limited.

Member of the Council on Foreign Relations.

http://en.wikipedia.org/wiki/Evan_G._Greenberg

Alan Greenberg
Alan "Ace" Greenberg was the former CEO of Bear Stearns and still serving as chairman of the boards. He is the son of Maurice Greenberg of AIG.

Dubbed one of the shrewdest players on Wall Street, Alan Greenberg was born in Wichita, Kansas in 1927. Greenberg describes his family as close-knit. When Greenberg was 31, he was named a partner of Bear Stearns. In 1978, Greenberg was named chief executive officer of the firm. He continued to expand the business, finally taking it public in 1985. Greenberg was named chairman and CEO. Today, Greenberg retains the title of chairman of the board and chairman of the executive committee.

http://www.horatioalger.com/members/member_info.cfm?memberid=GRE97