Maurice Greenberg
- Category : Business-Top-executive
- Type : ME
- Profile : 6/3 - Role Model / Martyr
- Definition : Split - Large
- Incarnation Cross : LAX Incarnation 1
Biography
American businessman,
He was a top executive of American International Group and part of the social scene in NY. In 2005 he came under investigation by the NY State Attorney General's Office. Elliot Sptizer accused Greenberg of "orchestrating sham transactions" that hid loses and inflated the company's net worth. Greenberg resigned from AIG's board in early June that year but continued to manage two offshoot companies. Greenberg's net worth is an estimated $3 billion in mid-2005.
Known as a tough and demanding boss, Greenberg perhaps learned to be tough as a child. His father, a cabdriver, died when young Maurice was only 6; his mother remarried and the family moved to a diary farm in the Catskill Mountains. Greenberg was responsible for daily chores and in school sports was competitive. In 1942 he quit school to join the Army. He was one of those who landed on Omaha Beach on D-Day. He went on to fight in the Korean War and earned a Bronze Star.
Although he set out to practice law, he found his way to the insurance industry and bravely forged his way with great success, will power and persuasiveness. These traits allowed him to gain significant business footholds in countries like The Phillippines in 1979, China in 1988, Russia in 1992.
At age 80 he continues to work out and manage his empire, even while facing criminal charges.
