But he didn't need to. "He said, 'I've been there 48 times in the last ten years. 
Hank did all the talking when he and Evan met with analysts at investment banks. "One time we were talking about China, how all the various CEOs wanted to get in there," says Stan Galanski, a former AIG executive. You might expect the CEO of AIG to be a trifle more magnanimous. He has the weathered countenance of a man about to enter his ninth decade, but all that StairMaster climbing has paid off. WebNationality: American. Like his father, Jeffrey didn't hesitate to raise his voice when he was displeased. What did Evan do after Stockbridge? Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. AIG was more pragmatic. Of all the companies that Spitzer subpoenaed, only Marsh & McLennan, AIG, ACE, and one other (Zurich American Insurance) have had employees plead guilty to crimes. Sometimes it felt like it could be a pizza parlor, the way Hank and Evan communicated with each other.". Marsh required participating insurers to periodically make phony, inflated bids--"b-quotes," in Marsh-speak--to make sure clients didn't mistakenly select an insurer that wasn't playing by its rules. All Rights Reserved.Terms The company's CEO, Brian Duperreault, a onetime AIG executive vice president, had boosted ACE's revenues from $537 million in sales in 1994 to $7 billion in seven years by going directly for his former employer's throat. He served as President and Chief Operating Officer of ACE Limited from June 2003 to May 2004, when he was. Then, in 1995, Hank promoted Evan to the same rank Jeffrey held, executive vice president. 
He quipped to analysts: "ACE. Finally he told me he had sold it. So why shouldn't he? Hank showed no sign of slowing down. (l-r) Evan Ewing, 18, from Cold Spring talks about the Eastern Mud Turtle to Dan Greenberg, from Lexington MA, formerly from Margate, and son of the fund's namesake. Too many of them, the CEO felt, didn't understand how much he had done for them. Jeffrey stunned everybody by leaving AIG in 1995. It wasn't ACE that brought the wrath of Eliot Spitzer down on the insurance industry. Hank's oldest son eventually ran out of excuses. 
Three years later, he was CEO. Instead, he took a job at Marsh & McLennan's commercial aviation and aerospace insurance group. Evan Greenbergs Chubb Ltd., previously known as Ace Ltd., has paid more than $650 million in commissions over the past decade to companies tied to his father, Maurice Hank Greenberg. That includes $60 million last year to Starr International Co., according to a regulatory filing Monday. Yet Hank treated Jeffrey like one of his employees. In many ways, Hank Greenberg is a classic first-generation entrepreneur. Jeffrey was outraged. He manufactured an atmosphere of constant crisis. Yet they all had something in common. AIG CEO HANK GREENBERG is a tough boss and a tough dad. "I don't want to go to AIG as the boss's son," Jeffrey told his first wife, Nikki Finke. 
"Many times when you work closely with somebody, they begin to think they're you," Hank told former FORTUNE assistant managing editor Walter Guzzardi in a corporate history of AIG commissioned by the company but never published. Before the end of the decade, he was Continental's assistant vice president in charge of accident and health insurance. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. He got his high school diploma, attended the University of Miami, and graduated from New York Law School. "He borrowed my guitar once," says Annie Quest, a Stockbridge schoolmate. Greenberg--whom his employees referred to as MRG, his initials--ruled AIG from the 18th floor of AIG's art deco skyscraper near Wall Street. That was nothing compared with what exploded at Marsh Inc. Evan Greenbergs wife has parted ways with him. He aspired to become a veterinarian when he joined high school but he dropped out. After high school, he lived in different places and did odd jobs for nearly three and a half years. Evan worked as a bartender and a nursing home cook. In 1978, FORTUNE marveled that AIG was a company that went in "for some of the hairiest risks imaginable." Insurance veteran Evan Greenberg eyes his next prize Chubb CEOs $23bn offer for Hartford has been knocked back but dealmaker likes a good argument Chubbs ", As if he hasn't been morbid enough already, Greenberg warns his peers that if they are selling insurance to generate cash for investment purposes instead of making a profit on the policies they write, "you are dead. He was a screamer. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. He dueled with them on the tennis court as if they were in the finals at Wimbledon. Hank jettisoned the old model, got rid of the Willy Loman types, and turned the affiliates into companies that sold high-margin coverage to corporations through brokers like Marsh & McLennan. Evan Greenberg has already built Chubb Ltd. into the second-largest U.S.-listed insurer, with a market value almost double that of American International Group Inc. - "No one has to know who you are," Barton told Evan. (In 2003, AIG agreed to pay a $10 million penalty to the SEC for selling similar products.) "When Jeff would talk about problems at school, his father would say, 'You think those are problems? WHEN Jeffrey W. Greenberg was forced out as chief executive of Marsh & McLennan, the big insurance broker, amid a bid-rigging investigation of the company last On Jan. 31, Marsh apologized for its "shameful" acts and agreed to pay $850 million in restitution to its victimized clients. Starr's heart began to fail--he was followed everywhere by a Chinese servant named Ling who bore an oxygen tank and an assortment of pills. Now and then he showed up on his parents' doorstep. He still screamed at his son in front of other people at AIG. Indeed, based on records provided by the Social Security Administration, ", Now that Hank had his sons working for him, he obliterated the line between business and family. Not much. But then, Hank is also a father. Recently he admitted to an intimate that he regrets pushing Jeffrey and Evan into AIG. It was never clear where the boundary lay between Greenberg's professional and private lives. During that time the company's market value has soared from $300 million to $173 billion. But Jeffrey and Evan had a harder time leaving their father's orbit. It wasn't just Jeffrey who was bitter. Hank grew up milking cows before dawn and trapping muskrats and mink. How many of them have been there more than once?' He is the President and Chief Executive Officer (CEO) of the Zurich-based insurance company Chubb Limited AIG and ACE began cooperating almost immediately with the investigation, providing damning e-mails about the brokerage's scheme. Next Question! " As a result, Greenberg's international connections were so deep that he was offered the No. "He was everything a wide-eyed, 17-year-old girl would think was fabulous," recalls Connie Ferguson, a former girlfriend. He didn't stop deriding the company after his son joined. In 1960, Greenberg was stolen away from Continental by one of the legendary eccentrics of his industry, Cornelius Vander Starr, founder of AIG. Jeffrey complained to Nikki Finke that his father repeatedly told him,"I don't understand why you are wasting your time [at Marsh & McLennan]. Once he arrived on his sister Cathleen's birthday in a van filled with fellow hippies. Education: Brown University, AB, 1973; Georgetown University Law School, JD, 1976. Under Duperreault, ACE began selling the same kind of exotic, high-margin policies that AIG specialized in. "It just wasn't his nature. Born: 1951. WebGreenberg had a 14-year relationship with journalist Nikki Finke, getting engaged in 1974 and married in 1980. The final column shows the difference between the listed weekly values against the lowest one. "But you had to take a beating once in a while. Then the industry was shaken by an incredible scandal, and the Greenbergs were at its epicenter. "If Jeff had a problem at work, his father would say, 'That's nothing!'". In the early '90s, Jeffrey was an AIG executive vice president in charge of its U.S. property and casualty operations. A year later AIG went public. Now maybe Jeffrey would finally get some respect from his father. Evan, on the other hand, rebelled. Jeffrey sighed: "I feel like I need to have my lawyer and my accountant there." MRG dispatched him to London to manage AIG's aviation division. "Sometimes I thought, 'This is so strange,' " says Tom Flanagan, a former AIG executive. He didn't think his parents had any idea where he was living at the time. He wasn't able to instill the same discipline in the ranks that his father had. Hank could see himself in his second son. He was especially hard on those who showed signs of weakness. He is the President and Chief Executive Officer (CEO) of the Zurich-based insurance company Chubb Limited He would go out drinking after work with his fellow employees, but "I don't think he ever picked up a check," says Robert Arvanitis, a former AIG executive. If you were a Greenberg, you played to win. Consider the cruel trick that fate has played on Robert Benmosche, CEO of MetLife. There are many layers of management between MRG and the AIG employees who have pled guilty. "If a twig snaps in a Chinese forest, Hank Greenberg hears it," says one of his former executives. That is plainly unconstitutional, Chubb CEO Evan Greenberg said about state efforts to extend business interruption insurance to the coronavirus pandemic. TFW you are the platonic ideal of (l-r) Evan Ewing, 18, from Cold Spring talks about the Eastern Mud Turtle to Dan Greenberg, from Lexington MA, formerly from Margate, and son of the fund's namesake. When he drew the boys into the business he ruled, he reaped the consequences. Hank took a less subtle approach with Jeffrey. Greenberg spent much of his time circling the globe and cultivating important contracts. He was already in charge of a rather formidable operation. All the while, Giallanzo and his wife Elizabeth have reported little to the Internal Revenue Service. Evan fought constantly with his father--and was clearly his favorite. Fourteen months later Evan stunned everybody by accepting a job as vice chairman of ACE Ltd. 2021 Marsh laid off 3,000 employees, and Jeffrey Greenberg stepped down as CEO. Yet while the entire world knows Bill Gates, hardly anybody outside the insurance industry could name MetLife's CEO. Within a year Jeffrey was back at Marsh & McLennan. Wallmine is a radically The couple divorced in 1982. ", Jeffrey also wanted to prove he was more than just Hank Greenberg's privileged son. As the Chairman of the Board, President, and Chief Executive Officer of Chubb, the total compensation of Evan Greenberg at Chubb is $20,475,100. There are no executives at Chubb getting paid more. How old is Evan Greenberg? Evan Greenberg is 65, he's been the Chairman of the Board, President, and Chief Executive Officer of Chubb since 2007. Later Greenberg was recalled to fight in the Korean war, during which he was almost killed while fetching shrimp for a general's cocktail party. "There was always a bit of an edge to Jeff," says Brad Warner, who roomed with Jeffrey at Brown for two years. 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Hank did all the talking when he and Evan met with analysts at investment banks. "One time we were talking about China, how all the various CEOs wanted to get in there," says Stan Galanski, a former AIG executive. You might expect the CEO of AIG to be a trifle more magnanimous. He has the weathered countenance of a man about to enter his ninth decade, but all that StairMaster climbing has paid off. WebNationality: American. Like his father, Jeffrey didn't hesitate to raise his voice when he was displeased. What did Evan do after Stockbridge? Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. AIG was more pragmatic. Of all the companies that Spitzer subpoenaed, only Marsh & McLennan, AIG, ACE, and one other (Zurich American Insurance) have had employees plead guilty to crimes. Sometimes it felt like it could be a pizza parlor, the way Hank and Evan communicated with each other.". Marsh required participating insurers to periodically make phony, inflated bids--"b-quotes," in Marsh-speak--to make sure clients didn't mistakenly select an insurer that wasn't playing by its rules. All Rights Reserved.Terms The company's CEO, Brian Duperreault, a onetime AIG executive vice president, had boosted ACE's revenues from $537 million in sales in 1994 to $7 billion in seven years by going directly for his former employer's throat. He served as President and Chief Operating Officer of ACE Limited from June 2003 to May 2004, when he was. Then, in 1995, Hank promoted Evan to the same rank Jeffrey held, executive vice president. He quipped to analysts: "ACE. Finally he told me he had sold it. So why shouldn't he? Hank showed no sign of slowing down. (l-r) Evan Ewing, 18, from Cold Spring talks about the Eastern Mud Turtle to Dan Greenberg, from Lexington MA, formerly from Margate, and son of the fund's namesake. Too many of them, the CEO felt, didn't understand how much he had done for them. Jeffrey stunned everybody by leaving AIG in 1995. It wasn't ACE that brought the wrath of Eliot Spitzer down on the insurance industry. Hank's oldest son eventually ran out of excuses. Three years later, he was CEO. Instead, he took a job at Marsh & McLennan's commercial aviation and aerospace insurance group. Evan Greenbergs Chubb Ltd., previously known as Ace Ltd., has paid more than $650 million in commissions over the past decade to companies tied to his father, Maurice Hank Greenberg. That includes $60 million last year to Starr International Co., according to a regulatory filing Monday. Yet Hank treated Jeffrey like one of his employees. In many ways, Hank Greenberg is a classic first-generation entrepreneur. Jeffrey was outraged. He manufactured an atmosphere of constant crisis. Yet they all had something in common. AIG CEO HANK GREENBERG is a tough boss and a tough dad. "I don't want to go to AIG as the boss's son," Jeffrey told his first wife, Nikki Finke. "Many times when you work closely with somebody, they begin to think they're you," Hank told former FORTUNE assistant managing editor Walter Guzzardi in a corporate history of AIG commissioned by the company but never published. Before the end of the decade, he was Continental's assistant vice president in charge of accident and health insurance. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. He got his high school diploma, attended the University of Miami, and graduated from New York Law School. "He borrowed my guitar once," says Annie Quest, a Stockbridge schoolmate. Greenberg--whom his employees referred to as MRG, his initials--ruled AIG from the 18th floor of AIG's art deco skyscraper near Wall Street. That was nothing compared with what exploded at Marsh Inc. Evan Greenbergs wife has parted ways with him. He aspired to become a veterinarian when he joined high school but he dropped out. After high school, he lived in different places and did odd jobs for nearly three and a half years. Evan worked as a bartender and a nursing home cook. In 1978, FORTUNE marveled that AIG was a company that went in "for some of the hairiest risks imaginable." Insurance veteran Evan Greenberg eyes his next prize Chubb CEOs $23bn offer for Hartford has been knocked back but dealmaker likes a good argument Chubbs ", As if he hasn't been morbid enough already, Greenberg warns his peers that if they are selling insurance to generate cash for investment purposes instead of making a profit on the policies they write, "you are dead. He was a screamer. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. He dueled with them on the tennis court as if they were in the finals at Wimbledon. Hank jettisoned the old model, got rid of the Willy Loman types, and turned the affiliates into companies that sold high-margin coverage to corporations through brokers like Marsh & McLennan. Evan Greenberg has already built Chubb Ltd. into the second-largest U.S.-listed insurer, with a market value almost double that of American International Group Inc. - "No one has to know who you are," Barton told Evan. (In 2003, AIG agreed to pay a $10 million penalty to the SEC for selling similar products.) "When Jeff would talk about problems at school, his father would say, 'You think those are problems? WHEN Jeffrey W. Greenberg was forced out as chief executive of Marsh & McLennan, the big insurance broker, amid a bid-rigging investigation of the company last On Jan. 31, Marsh apologized for its "shameful" acts and agreed to pay $850 million in restitution to its victimized clients. Starr's heart began to fail--he was followed everywhere by a Chinese servant named Ling who bore an oxygen tank and an assortment of pills. Now and then he showed up on his parents' doorstep. He still screamed at his son in front of other people at AIG. Indeed, based on records provided by the Social Security Administration, ", Now that Hank had his sons working for him, he obliterated the line between business and family. Not much. But then, Hank is also a father. Recently he admitted to an intimate that he regrets pushing Jeffrey and Evan into AIG. It was never clear where the boundary lay between Greenberg's professional and private lives. During that time the company's market value has soared from $300 million to $173 billion. But Jeffrey and Evan had a harder time leaving their father's orbit. It wasn't just Jeffrey who was bitter. Hank grew up milking cows before dawn and trapping muskrats and mink. How many of them have been there more than once?' He is the President and Chief Executive Officer (CEO) of the Zurich-based insurance company Chubb Limited AIG and ACE began cooperating almost immediately with the investigation, providing damning e-mails about the brokerage's scheme. Next Question! " As a result, Greenberg's international connections were so deep that he was offered the No. "He was everything a wide-eyed, 17-year-old girl would think was fabulous," recalls Connie Ferguson, a former girlfriend. He didn't stop deriding the company after his son joined. In 1960, Greenberg was stolen away from Continental by one of the legendary eccentrics of his industry, Cornelius Vander Starr, founder of AIG. Jeffrey complained to Nikki Finke that his father repeatedly told him,"I don't understand why you are wasting your time [at Marsh & McLennan]. Once he arrived on his sister Cathleen's birthday in a van filled with fellow hippies. Education: Brown University, AB, 1973; Georgetown University Law School, JD, 1976. Under Duperreault, ACE began selling the same kind of exotic, high-margin policies that AIG specialized in. "It just wasn't his nature. Born: 1951. WebGreenberg had a 14-year relationship with journalist Nikki Finke, getting engaged in 1974 and married in 1980. The final column shows the difference between the listed weekly values against the lowest one. "But you had to take a beating once in a while. Then the industry was shaken by an incredible scandal, and the Greenbergs were at its epicenter. "If Jeff had a problem at work, his father would say, 'That's nothing!'". In the early '90s, Jeffrey was an AIG executive vice president in charge of its U.S. property and casualty operations. A year later AIG went public. Now maybe Jeffrey would finally get some respect from his father. Evan, on the other hand, rebelled. Jeffrey sighed: "I feel like I need to have my lawyer and my accountant there." MRG dispatched him to London to manage AIG's aviation division. "Sometimes I thought, 'This is so strange,' " says Tom Flanagan, a former AIG executive. He didn't think his parents had any idea where he was living at the time. He wasn't able to instill the same discipline in the ranks that his father had. Hank could see himself in his second son. He was especially hard on those who showed signs of weakness. He is the President and Chief Executive Officer (CEO) of the Zurich-based insurance company Chubb Limited He would go out drinking after work with his fellow employees, but "I don't think he ever picked up a check," says Robert Arvanitis, a former AIG executive. If you were a Greenberg, you played to win. Consider the cruel trick that fate has played on Robert Benmosche, CEO of MetLife. There are many layers of management between MRG and the AIG employees who have pled guilty. "If a twig snaps in a Chinese forest, Hank Greenberg hears it," says one of his former executives. That is plainly unconstitutional, Chubb CEO Evan Greenberg said about state efforts to extend business interruption insurance to the coronavirus pandemic. TFW you are the platonic ideal of (l-r) Evan Ewing, 18, from Cold Spring talks about the Eastern Mud Turtle to Dan Greenberg, from Lexington MA, formerly from Margate, and son of the fund's namesake. When he drew the boys into the business he ruled, he reaped the consequences. Hank took a less subtle approach with Jeffrey. Greenberg spent much of his time circling the globe and cultivating important contracts. He was already in charge of a rather formidable operation. All the while, Giallanzo and his wife Elizabeth have reported little to the Internal Revenue Service. Evan fought constantly with his father--and was clearly his favorite. Fourteen months later Evan stunned everybody by accepting a job as vice chairman of ACE Ltd. 2021 Marsh laid off 3,000 employees, and Jeffrey Greenberg stepped down as CEO. Yet while the entire world knows Bill Gates, hardly anybody outside the insurance industry could name MetLife's CEO. Within a year Jeffrey was back at Marsh & McLennan. Wallmine is a radically The couple divorced in 1982. ", Jeffrey also wanted to prove he was more than just Hank Greenberg's privileged son. As the Chairman of the Board, President, and Chief Executive Officer of Chubb, the total compensation of Evan Greenberg at Chubb is $20,475,100. There are no executives at Chubb getting paid more. How old is Evan Greenberg? Evan Greenberg is 65, he's been the Chairman of the Board, President, and Chief Executive Officer of Chubb since 2007. Later Greenberg was recalled to fight in the Korean war, during which he was almost killed while fetching shrimp for a general's cocktail party. "There was always a bit of an edge to Jeff," says Brad Warner, who roomed with Jeffrey at Brown for two years. Is the property of chicago Mercantile Exchange Inc. and its licensors Greenberg hears it, '' says Quest! Are problems boundary lay between Greenberg 's privileged son want to go to AIG as the boss son!, except for the DJIA, which is delayed by two minutes that time the company 's market value soared! Hardly anybody outside the insurance industry could name MetLife 's CEO from $ 300 million $. Did odd jobs for nearly Three and a half years of accident and health insurance cows dawn. 'S professional and private lives at Wimbledon of exotic, high-margin policies that AIG a. World knows Bill Gates, hardly anybody outside the insurance industry could name MetLife 's CEO a the... Operating Officer of Chubb since 2007 connections were so deep that he regrets pushing Jeffrey Evan... He ruled, he was living at the time company that went in for! Agreed to pay a $ 10 million penalty to the SEC for selling similar products. never where. 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