What is Hank Greenberg’s Net Worth?
Maurice “Hank” Greenberg is an American businessman who has a net worth of $50 million {dollars}. Hank Greenberg was born in Chicago, Illinois and served within the U.S. Amry throughout WW II and the Korean War. He graduated from the University of Miami with a level in Pre-Law, after which went on to earn his legislation diploma from New York Law School. He turned the Vice President of C.V. Starr & Co., Inc. in 1960, and was subsequently named the Head of North American holdings for AIG. He turned President of American Home Assurance Company in 1962. In 1968, he turned CEO of AIG, changing Cornelius Vander Starr, and likewise turned the Chairman of the Board of Directors for C.V. Starr & Co.
Inc. He held the place of CEO of AIG, till his place was terminated amidst scandal in 2005. As most of us know by now, 2008 introduced much more scandal for AIG when the world economic system collapsed. In September 2008, the United States authorities was pressured to rescue the flailing AIG by an $85 billion bailout. The authorities basically bought an 80% stake in AIG then proceeded to dump the corporate’s most respected property. Hank Greenberg owned 13 million shares within the insurance coverage big. At the height of AIG’s success in December 2007, these shares had been value $1.1 billion {dollars}. At the time the federal government bailed out AIG, his stake was value simply $25 million. OUCH.
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