Hank greenberg aig wiki

American baseball player (1911–1986)

"The Hebrew Hammer" redirects here. For other uses, see Hebrew Hammer (disambiguation).

Baseball player

Henry Benjamin Greenberg (January 1, 1911 – September 4, 1986), nicknamed "Hammerin' Hank", "Hankus Pankus", and "the Hebrew Hammer", was an American professional baseball player and team executive. He played in Major League Baseball (MLB), primarily for the Detroit Tigers as a first baseman in the 1930s and 1940s. A member of the Baseball Hall of Fame and a two-time Most Valuable Player (MVP) Award winner, he was one of the premier power hitters of his generation and is widely considered one of the greatest sluggers in baseball history.

Greenberg played the first twelve of his 13 major league seasons for Detroit; with the Tigers, he was an All-Star for four seasons and was named the American League (AL) Most Valuable Player in 1935 and 1940. He had a batting average over .300 in eight seasons, and won two World Series championships with the Tigers (1935 and 1945). He was the AL home run leader four times and his 58 home runs for the Tigers in 1938 equaled Jimmie Foxx's 1932 mark for the most in one season by anyone other than B

Maurice R. "Hank" Greenberg is the chairman and CEO of C.V. Starr and Co. He is also the founder and former CEO of American International Group (AIG). He spent more than 35 years building AIG from an obscure, second-rate insurer to one of the largest companies in the world. He was forced to resign in 2005 as part of a settlement with then-New York State Attorney General Eliot Spitzer over alleged accounting improprieties, but remained one of the firm’s largest shareholders. The following year, AIG paid $1.64 billion to settle federal and state investigations into its business practices.

The U.S. government rescued AIG in September 2008 to keep it from going bankrupt after the company ran up billions of dollars in losses from writing insurance on bad mortgage securities.

In early March of 2009, Greenberg launched two separate salvos against his former company, accusing it of cheating him out of a fortune and blasting current CEO Ed Liddy for trying to lay some of the blame for AIG's woes at Greenberg's feet. Greenberg sued AIG in Manhattan federal court, claiming execs at the insurer kept shares "artificially inflated" by lying about the company's exposure to subprime mortgages. He claimed those "material omissions and misrepresentations" killed the value of 3.7 million shares of AIG stock he got under a deferred-compensation package in January 2008. The lawsuit didn't specify damages, but demanded the $70 million in taxes he paid on the $200 million in stock.

In 2014 Greenberg sued the U.S. government, claiming that the 2008 federal bailout of AIG was unnecessarily punitive toward AIG’s shareholders and that, rather than saving the company, it cost shareholders tens of billions of dollars. In June of 2015 a judge ruled that the government violated the law in taking a controlling stake in AIG in 2008, but did not award any damages to Greenberg or the thousands of shareholder

Maurice Raymond "Hank" Greenberg (born May 4, 1925) is an American business executive and former chairman and CEO of American International Group (AIG), which was the world's 18th largest public company and its largest insurance and financial services corporation.

He is currently chairman and CEO of C.V. Starr & Co., Inc. (C.V. Starr), a diversified financial services firm 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 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 the Chairman of the Board of Directors and Managing Director of Starr International Company Inc., and Chairman and Chief Executive Officer of Starr International USA, Inc. (Starr International USA). C.V. Starr and Starr International USA are collectively known as Starr Companies.

US Army, University of Miami and New York Law School

He is the son of Jewish candy store owner Jacob Greenberg. His father died when he was seven and his mother, Ada Rheingold, married a dairy farmer. Greenberg served in the U. S. Army in Europe during World War II, participating in the Liberation of Dachau and in the Korean War, rising to the rank of Captain; he is a recipient of the Bronze Star. He received his Bachelor's Degree in pre-law from the University of Miami, where he was a member of Sigma Alpha Mu Fraternity, and his law degree from New York Law School in 1950. He was admitted to the New York Bar in 1953. He holds honorary degrees from several colleges including Brown University, Middlebury College, New York Law School and The Rockefeller University.

Rise and fall at 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 Gre

American business executive (born 1925)

This article is about the business executive. For the baseball player, see Hank Greenberg.

Maurice Raymond “Hank” Greenberg (born May 4, 1925) is an American business executive and former chairman and chief executive officer of American International Group (AIG).

Early life and education

Greenberg was born into a Jewish family in Greenwich Village, New York City. His father, Jacob Greenberg, died when Hank was six and his mother, Ada Rheingold, married a dairy farmer.

Greenberg served in the United States Army in Europe during World War II, participating in Operation Overlord at Normandy, the liberation of Dachau concentration camp, and in the Korean War, rising to the rank of captain. He received the Bronze Star, and the French Legion of Honour as a result of his military service in the European theatre of World War II.

Greenberg attended the University of Miami, where he was a member of Sigma Alpha Mu fraternity, and received his bachelor's degree in 1948. In 1950, he obtained his law degree from New York Law School. He was admitted to the New York Bar in 1953 but did not practice law. He holds honorary degrees from Brown University,Middlebury College, New York Law School, and The Rockefeller University.

Career

In 1962, Greenberg was named by AIG's founder, Cornelius Vander Starr, 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 Martin J. Sullivan. Greenberg was a social friend and client of Henry Kissinger. In 1987, he appointed Kissinger as chairman of AIG's International Advisory Board.^[11&