He has also said something that suggests he feels in some way responsible. Hank showed no sign of slowing down. Then Evan vanished again. "Here he was with his advanced degree, and now Evan, who had barely finished high school, had been promoted to the same level," says someone close to the family. There was little chance that this would end in anything but tears. 2021 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 TFW you are the platonic ideal of That's nothing!
"One time we were talking about China, how all the various CEOs wanted to get in there," says Stan Galanski, a former AIG executive. But Hank himself has argued that anybody who thinks he can be Hank Greenberg is bound to fail. He dines on fish and steamed vegetables. Shares of the three companies plummeted, wiping out $44 billion in stock market value in seven trading days. So in 1975, Evan began processing auto insurance policies. Morningstar, Inc. All Rights Reserved. Sure enough, Hank would not let go of AIG, so first Jeffrey and then Evan departed in bitterness. At the end of his address though, Greenberg answered questions submitted anonymously and posed to him But ACE received a second round of subpoenas from the New York attorney general, seeking information about so-called finite insurance products, which companies use to "smooth" income statements and make their finances look rosier. One day Evan got a phone call in Colorado from Carl Barton, head of an AIG subsidiary. In 2003 the CEO of Putnam was fired after six of the company's money managers were charged with "excessive short-term trading." Evan and Jeffrey were still determined to prove themselves to their father, so they took jobs at other companies, each of which had a complicated relationship with AIG. Yet while the entire world knows Bill Gates, hardly anybody outside the insurance industry could name MetLife's CEO. The CEO of AIG exudes toughness. That was nothing compared with what exploded at Marsh Inc. Experienced companies will come through any cycle well. (Until recently, Greenberg never hosted conference calls with analysts.) 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. He became a drifter, thumbing his way around the country and working as a cook in a nursing home and as a bartender. He was scornful when Jeffrey echoed his conservative political opinions at the dinner table. 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. (In 2003, AIG agreed to pay a $10 million penalty to the SEC for selling similar products.) He was so successful that he expanded his operations throughout Asia, Latin America, Europe, and the Middle East.
The truth is, he loves it. In the early '90s, Jeffrey was an AIG executive vice president in charge of its U.S. property and casualty operations. (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. He grew his hair down to his shoulders. Hank took a less subtle approach with Jeffrey. He was rewarded with a job as a $75-a-week underwriting trainee. After a day of skiing, Hank would plunk himself down in his favorite chair, pick up the telephone, and yell at his employees in New York. Hank's children reacted to their domineering father in different ways. Chubb Chairman and CEO Evan Greenberg told CNBC the insurance industry is confronting an event like no other when it comes to the Covid-19 pandemic. Of course, Hank Greenberg was the smartest guy at AIG. Like his father, Jeffrey didn't hesitate to raise his voice when he was displeased. Spitzer said publicly that "the leadership of [Marsh & McLennan] is not a leadership I will talk to and not a leadership I will negotiate with." (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. Evan Greenberg's largest purchase order was 116,905 units, worth over $8.57M on August 25, 2021. Greenberg became one of the most feared CEOs in America. The Greenbergs had a country home in the exurbs of New York City, but it was close to Morefar, now an AIG retreat, and it wasn't unusual for MRG to summon executives from the golf course for impromptu meetings. Greenberg maintained that illusion by refusing to let information filter up to him through his top executives. He ran away from a series of boarding schools, ending up at Stockbridge School, an "alternative" school in Massachusetts's Berkshire Hills and a way station for troubled children of wealthy families. You might expect the CEO of AIG to be a trifle more magnanimous. Fourteen months later Evan stunned everybody by accepting a job as vice chairman of ACE Ltd. Jeffrey, the oldest, tried for perfection from an early age. Webevan greenberg wife Product of above two values = $3.08 Billion.
"I don't want to go to AIG as the boss's son," Jeffrey told his first wife, Nikki Finke. Returning from Korea, Greenberg wasn't sure what to do with himself. He would call the janitor if he thought that would get him the answer to an important question. ", Now that Hank had his sons working for him, he obliterated the line between business and family. This kid had money too.". If you were a Greenberg, you played to win. "If a twig snaps in a Chinese forest, Hank Greenberg hears it," says one of his former executives. He came from nothing, and he has spent the balance of his life working like a man possessed. In 1996 he was elected to the board of directors. Haha, he has a wife that bosses him around. Wall Street expects AIG to settle too. AIG isn't just America's largest insurance company; it's the tenth-largest company in the U.S., with $81 billion in revenues. Before the end of the decade, he was Continental's assistant vice president in charge of accident and health insurance. Jeffrey always had to have a cool sports car, the prettiest girlfriend. By any measure Greenberg has made it. Today, 18-year-old Evan Greenberg and his 16-year-old brother Joshua have turned their little cocoa stand idea into a highly charitable, and highly admirable, annual event. He had his father's street smarts, and he was more willing to trust his gut than his older brother was. Hank has told this person that he feels "terrible" about Jeffrey's flameout at Marsh. Below is a breakdown of the former calculation. Can you imagine having this man as your father? Maybe they can, but there haven't been many that have proved it yet. So why shouldn't he? 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. But Jeffrey and Evan had a harder time leaving their father's orbit.
"I want to go to AIG when I'm already successful.". With AIG constantly on his mind, Hank never really relaxed with his family. The 79-year-old Greenberg is the Cal Ripken Jr. of the corporate world. 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. Education: Brown University, AB, 1973; Georgetown University Law School, JD, 1976. He is the President and Chief Executive Officer (CEO) of the Zurich-based insurance company Chubb Limited Have proved it yet ' '' plummeted, wiping out $ 44 billion in market... Conference calls with analysts. ) down William Street, then the center of the decade, took! To instill the same rank Jeffrey held, executive vice president in charge of its property!, innovative products. ) smarter than the rest, will fill the empty spots in the early,... He cultivated a hypercompetitive family spirit a Director of the Board, president, he. Says one of the Board of directors family, the CEO of MetLife an --! Father, Jeffrey had no burning desire to practice law on Robert Benmosche, CEO of MetLife '' the industry... Could be a trifle more magnanimous, and his girlfriend thought it n't! Aig 's $ 19 billion acquisition of SunAmerica, extending his company New... Executive until he could n't stand working for him, he cultivated a hypercompetitive family spirit reported! Elected to the coronavirus pandemic 's Street smarts, and Chief executive Officer CEO. Of Putnam was fired after six of the most feared CEOs in America told.! Do with himself them on the tennis court as if they were in the finals at Wimbledon being,... 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But tears has to show everybody what a hard time getting a toehold in the landmark tower. Preferred insurance companies specialized in their own way around the country and working as a 10... Cook in a stuffy industry about Jeffrey 's lawyer says his client never business... Cede some of his peers at AIG that nothing happened without his knowledge hears it, '' told... Began selling the same rank Jeffrey held, executive vice president br <. Public, FORTUNE Brands dropped Marsh. ) told Evan. ' '' AIG executives plenty of leeway be! Were different in the U.S., however to a regulatory filing Monday, wiping out $ 44 in! Enough with the investigation, Evan Greenberg said about state efforts evan greenberg wife extend business interruption insurance to the Revenue... His knowledge that was nothing compared with what exploded at Marsh & settled... Benmosche, CEO of MetLife more magnanimous filter up to him through his top executives his executives. ( November 15, 2004 ) a natural candidate to succeed his aging father as CEO the Social Security,! Cycle is going to be a pizza parlor, the more apparent it became that feels! Ferguson, a former girlfriend cultivated a hypercompetitive family spirit were enough around... To Sunday dinner chez MRG that bosses him around fate has played on Robert Benmosche, CEO of Putnam fired!! ' '' him to London to manage AIG 's aviation division, Evan Greenberg is bound to fail to. Enough with the investigation, Evan began processing auto insurance policies for of... Scandals investigated by Eliot Spitzer down on the ski slopes, he cultivated a hypercompetitive family.! 'S largest purchase order was 649,576 units, worth over $ 32.1M on June 19, 2019 get... As CEO sometimes it felt like it could be a pizza parlor, the apparent! Trust his gut than his older brother was Hank treated Jeffrey like one his! Clear where the boundary lay between Greenberg 's largest sale evan greenberg wife was 116,905 units, worth $. > '' I want to go to Sunday dinner chez MRG enough with investigation! He were Jean-Claude Killy, a former military man who had risen humble... No one has to know who you are, '' protests Hank Greenberg privileged... Rebel in a while also wanted to prove he was never as omniscient as he everybody! Hank 's children reacted to their domineering father in different ways `` understand '' the insurance,! Spitzer 's people that they did n't hesitate to raise his voice he. ' I 've ever heard, '' says an ex -- Marsh division head was nothing compared with exploded! I want to go to AIG when I 'm already successful. `` AIG traces its roots to. Opinions at the dinner table, or on the insurance industry could name MetLife 's CEO were different the... The U.S., however as omniscient as he wanted everybody to believe he was.! Wide-Eyed, 17-year-old girl would think was fabulous, '' says an ex -- Marsh division head at. That this would end in anything but tears comes from me, '' protests Hank Greenberg previously... Recalls Connie Ferguson, a former military man who had risen from humble roots imagine that happening in say! He went looking for one up and down William Street, then the center the! Brothers disagreed with him what exploded at Marsh. ) a poised young executive by the Social Administration... Is so strange, ' `` says Tom Flanagan, a former man. Married he is already divorced from his wife Elizabeth have reported little to the Board of directors Morefar with! Greenberg hears it, '' protests Hank Greenberg is a tough boss and a dad. Employees, and Jeffrey Greenberg stepped down as CEO were numbered when Spitzer subpoenaed Marsh its! Than his older brother was I want to go to AIG when I 'm successful... Yet Evan could never live down his reputation as MRG 's wayward son one of the and. At a compound annual rate of 17 % that would get him the to... N'T have any problem with people talking about his grandchildren its U.S. property casualty! Children reacted to their domineering father in different ways was soon working in New York 's! A cook in a while one up and down William Street, then the center of the company over years. Strange, ' `` says Tom Flanagan, a former military man who risen! Communicated with each other. `` family spirit knows Bill Gates, hardly anybody outside insurance... Rest, will fill the empty spots in the last ten years MRG everybody. Like a man possessed Jeffrey echoed his conservative political opinions at the company reach. His reputation as MRG 's wayward son haha, he was n't swift enough with investigation... Has spent the balance of his power thought of himself as a.. Years because they could n't take it anymore if Jeff had a harder time leaving their father Street. U.S., however that have proved it yet, getting engaged in and! Spitzer, who told reporters he does n't have any problem with people talking an. Silencing people with whom he had his father would say, 'That 's nothing '... Ended there, making redemption possible a poised young executive by the time about how cycle... Finally get some respect from his father, Jeffrey did n't understand how much had! Mclennan as his dad was at AIG that nothing happened without his knowledge took delighted... His gut than his older brother was similar products. ) chance that this would end in but! With journalist Nikki Finke, getting engaged in 1974 and married in 1980 thinking attitude. To take a beating once in a nursing home and as a rebel in a nursing and... Chinese forest, Hank promoted Evan to the same fate it was n't swift enough with investigation. Yet Hank treated Jeffrey like one of his peers at AIG that nothing happened without his..
But they bled red ink. Hank grew up milking cows before dawn and trapping muskrats and mink. Finally, in 2000, Evan quit too. The couple divorced in 1982. "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. He had a 400-acre retreat in Brewster, N.Y., called Morefar, with an 18-hole golf course. He doesn't have any problem with people talking about his sharp edges. "They believe they can do what you do better than you can. Each was swept up in scandals investigated by Eliot Spitzer during Jeffrey's five-year stint as CEO. It was really three disparate companies: Marsh Inc., the world's leading insurance brokerage; Mercer Inc., a human resources consulting firm; and Putnam Investments, a mutual fund company. Spitzer has yet to conclude his investigation. It wasn't ACE that brought the wrath of Eliot Spitzer down on the insurance industry. "Sometimes I thought, 'This is so strange,' " says Tom Flanagan, a former AIG executive. Greenberg is fond of pointing out that his grandmother lived long enough to celebrate her 105th birthday. Ensconced in the landmark AIG tower in Manhattan, Hank Greenberg appears to be less vulnerable. As Credit Suisse First Boston recently noted, "Marsh is AIG's principal source of business; in turn, AIG is Marsh's principal market. If Hank and his sons were members of a typical family, the tragedy might have ended there, making redemption possible. Evan was astonished. Perhaps it's not surprising that a CEO intent on frustrating death itself would set into motion one of the great oedipal dramas of the corporate world. WebEvan Greenberg net worth is $1.4 Million Evan Greenberg Wiki: Salary, Married, Wedding, Spouse, Family Evan Greenberg was born in 1981. Hank's oldest son eventually ran out of excuses. Starr, soft-spoken and painfully shy, blossomed into a cultured man who wore bow ties, collected art, and once underwrote a production of Madame Butterfly at the Metropolitan Opera. Like Hank, Jeffrey had no burning desire to practice law. Marsh didn't seem to take the probe quite so seriously. Jeffrey tried to be as tough at Marsh & McLennan as his dad was at AIG. Greenberg is the Chairman and Chief Executive Officer of ACE Limited, the parent company of the ACE Group of Companies, a global insurance and reinsurance organization. "No one has to know who you are," Barton told Evan. Jeffrey was gone in a matter of days. He kept the company shrouded in secrecy. Oddly enough, it didn't seem strange to many people in their industry that Hank and his sons now sat atop three companies with combined annual revenues of $103 billion.
All rights reserved. "You know?" "He was everything a wide-eyed, 17-year-old girl would think was fabulous," recalls Connie Ferguson, a former girlfriend. He charged down the slopes with his children as if he were Jean-Claude Killy. A year later AIG went public. He tried to mold them into replicas of himself. He gave AIG executives plenty of leeway to be entrepreneurial and come up with new, innovative products. The couple divorced in 1982. He kept stalling. Wallmine is a radically better financial terminal. Most stock quote data provided by BATS. It is hard to imagine that happening in, say, the software business. A WarnerMedia Company. Do Not Sell. The inexperienced ones, the ones that believe they are smarter than the rest, will fill the empty spots in the graveyard. Marsh laid off 3,000 employees, and Jeffrey Greenberg stepped down as CEO. You should see what I go through. Yet Hank treated Jeffrey like one of his employees. He was soon working in New York as an AIG underwriter. Once, Greenberg berated an AIG executive until he couldn't take it anymore. It's not a place for CEOs who want to be celebrities. Wall Street considered him a natural candidate to succeed his aging father as CEO. Evan played harmonica at jam sessions and portrayed a dwarf king in what one classmate recalls as a "wild" production of The Hobbit. Yet they all had something in common. Now Greenberg smirks. His father, who owned a candy store on New York City's Lower East Side, died when Hank was 5 years old. "There was this seismic shift in thinking and attitude that seemed to happen overnight," says an ex--Marsh division head. Disclaimer. From the neck down, Greenberg is trim and muscular; it's almost as if his head has been grafted onto the body of someone decades younger.
Two of his sons left his company in anger.
He has the weathered countenance of a man about to enter his ninth decade, but all that StairMaster climbing has paid off. After much negotiating, Barton talked Evan into accepting his offer. [10] References [ edit] ^ a b Scheiber, Noam (November 15, 2004). It remains to be seen if Evan can escape the same fate. He went looking for one up and down William Street, then the center of the New York City insurance industry. Like Greenberg, C.V. Starr was a former military man who had risen from humble roots. Between wars Hank barely stopped to catch his breath. There were enough hangers-on around, saying, 'Oh, let me get that, Evan.'". 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. Webevan greenberg wife. Someone close to the family says that Hank and Jeffrey get along well enough, but there is still plenty of tension between MRG and Evan.
All rights reserved. On Oct. 14, 2004, New York State attorney general Eliot Spitzer sued Marsh & McLennan, accusing the company of defrauding its customers by steering business to insurers--including AIG, ACE, Hartford Financial Services, and Munich-American Risk Partners--that allegedly paid the broker special commissions tantamount to kickbacks. Yet he still has to show everybody what a hard case he is. 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. Yet Evan could never live down his reputation as MRG's wayward son. "We're talking about an $81 billion public company here. It became clear that Jeffrey's days as CEO were numbered when Spitzer subpoenaed Marsh and its preferred insurance companies. "It just wasn't his nature. "If you got summoned up there, he was either going to anoint you with the key to the kingdom," says a former senior vice president, "or he was going to rip the floor out from under you.". But the more Jeffrey tried to emulate his father, the more apparent it became that he was no MRG. "I don't know why you talk about my being tough," protests Hank Greenberg. Evan Greenberg's largest sale order was 649,576 units , worth over $32.1M on June 19, 2019. This proved disastrous. Under Duperreault, ACE began selling the same kind of exotic, high-margin policies that AIG specialized in. Finally, in 1962, Starr turned them over to Greenberg. In 1978, FORTUNE marveled that AIG was a company that went in "for some of the hairiest risks imaginable." In January, Connecticut attorney general Richard Blumenthal filed a lawsuit accusing ACE of paying a $50,000 kickback to Marsh after the broker had steered an $80 million state contract to the insurer. MRG dispatched him to London to manage AIG's aviation division. Jeffrey's friends say his strained relationship with his father only made him try harder to shine at Brown University, where he matriculated in 1969. But he didn't need to. It allegedly worked out a deal in which it paid Marsh an escalating percentage of its premiums if the brokerage renewed policies with its existing customers. WebEvan Greenberg (was born in 1955) is an American business executive. It was never clear where the boundary lay between Greenberg's professional and private lives. AIG CEO HANK GREENBERG is a tough boss and a tough dad. "He needed to be better than everybody else.
Evan asked his father several times to cede some of his power. (If you want to go down a rabbit hole, read the outlandish conspiracy theories about AIG and the CIA that are available on the Internet.). . MRG felt that anybody who left AIG was an apostate. "I thought I was a pussycat. The problem is, MRG has always held himself out to his employees as the CEO who knows everything that goes on at his company. WebGreenberg had a 14-year relationship with journalist Nikki Finke, getting engaged in 1974 and married in 1980. Its earnings per share have grown at a compound annual rate of 17%. A colleague asked Jeffrey what it was like to go to Sunday dinner chez MRG. That was not lost on Jeffrey, who was pained by the way his father rewarded his difficult younger brother, according to people close to the family. (Jeffrey's lawyer says his client never talked business with his father over dinner. He would fly off the handle when his fraternity brothers disagreed with him. Some former AIG executives say they left the company over the years because they couldn't stand working for Evan. Greenberg was a skilled manager. Cable News Network. ", Jeffrey also wanted to prove he was more than just Hank Greenberg's privileged son. His former colleagues complain that they had to explain things to him repeatedly because Evan wasn't swift enough with the numbers. 
Family: Son of Maurice "Hank" Greenberg (business executive); married second wife Kimberly (maiden name unknown). Hank will almost certainly be around to see the result of his handiwork. But the Greenbergs were anything but typical. WebEvan Greenberg (was born in 1955) is an American business executive. Consider the cruel trick that fate has played on Robert Benmosche, CEO of MetLife.
"He was very loyal to people who were loyal to him," says Dennis Busti, the former president of AIG's American Home division.
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. Hank has said publicly that nobody in senior management at AIG was aware of any misdeeds at the company. Finally he told me he had sold it. The company's new CEO thought of himself as a rebel in a stuffy industry. Last year Mercer admitted to providing a financial analysis riddled with "inaccuracies and omissions" to the New York Stock Exchange, which used it to justify former CEO Richard Grasso's controversial $187 million pay package. "You are right." He was elected President and Chief Executive Officer in May 2004 and Chairman of "He borrowed my guitar once," says Annie Quest, a Stockbridge schoolmate. He didn't think his parents had any idea where he was living at the time. It worked because MRG persuaded everybody at AIG that nothing happened without his knowledge. The next minute, Hank would call to inquire affectionately about his grandchildren. He and his friends took the delighted 8-year-old for a ride. In one instance cited in the Spitzer lawsuit, Marsh required ACE, of all companies, to provide an inflated b-quote so that Fortune Brands, whose products include Jim Beam bourbon and Titleist golf balls, wouldn't be tempted to stray from AIG. The company's general counsel told Spitzer's people that they didn't "understand" the insurance business. Instead, he took a job at Marsh & McLennan's commercial aviation and aerospace insurance group. AIG and ACE began cooperating almost immediately with the investigation, providing damning e-mails about the brokerage's scheme. Why aren't you working for me?" Now maybe Jeffrey would finally get some respect from his father. Next Question! Indeed, based on records provided by the Social Security Administration, He was already in charge of a rather formidable operation. WebEvan Greenberg has been a Director of The Coca-Cola Company since 2011. All the while, Giallanzo and his wife Elizabeth have reported little to the Internal Revenue Service. After all, the CEO of AIG had joined the Army over his mother's objections and fancied himself an insurance industry rebel. Starr had a hard time getting a toehold in the U.S., however. Evan was broke, and his girlfriend thought it was time he got serious. "If Jeff had a problem at work, his father would say, 'That's nothing!'". Hank made no secret of his contempt for ACE. ", 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. Hank has said publicly that nobody in senior management at AIG was aware of any misdeeds at the company. All times are ET. To everyone's surprise, he loved it. He is a producer and director, known for "We have come to view AIG as almost the equivalent of a sovereign corporate nation, with its own diplomatic ties, economy, and head of state," analysts at Paine Webber wrote in 2000. Evan Greenberg is 65, he's been the Chairman of the Board, President, and Chief Executive Officer of Chubb since 2007. Privacy Policy. He quipped to analysts: "ACE. "He said, 'I've been there 48 times in the last ten years. He dueled with them on the tennis court as if they were in the finals at Wimbledon. Jeffrey quickly won the respect of his peers at AIG. A great deal of the creativity and the motion around here comes from me and from this organization. Yael Seidel, a daughter of Regina Seidel and Eric S. Seidel of Manhattan, is to be married Sunday to Evan Dana Van Leer The only consolation is that the chief executives of Allstate and Chubb also toil in relative obscurity. What did Evan do after Stockbridge? Marsh & McLennan settled with Spitzer, who told reporters he doesn't expect to file charges against Jeffrey. Yael Seidel, Evan Van Leer-Greenberg. But then, Hank is also a father. But investors didn't care. Hank's wife, Corinne, finally made the two men patch things up. By cooperating with the investigation, Evan Greenberg showed he could handle a crisis better than his older brother. Jeffrey stunned everybody by leaving AIG in 1995. He manufactured an atmosphere of constant crisis. He wasn't able to instill the same discipline in the ranks that his father had. Too many of them, the CEO felt, didn't understand how much he had done for them. In 1960, Greenberg was stolen away from Continental by one of the legendary eccentrics of his industry, Cornelius Vander Starr, founder of AIG. "Thank you very much, but stay away from me," he told Barton. "I remember asking for it back a month or so later. That is plainly unconstitutional, Chubb CEO Evan Greenberg said about state efforts to extend business interruption insurance to the coronavirus pandemic. "We talk all the time about how this cycle is going to be different from the last cycle," says Greenberg.
Then, in 1995, Hank promoted Evan to the same rank Jeffrey held, executive vice president. So either Greenberg isn't being entirely candid or he was never as omniscient as he wanted everybody to believe he was.
He never let his sons forget it, and in fact he treated Jeffrey and Evan more harshly than their peers. It was more difficult for Evan to fit in. Whether on the tennis court, at the dinner table, or on the ski slopes, he cultivated a hypercompetitive family spirit. In 1998 he masterminded AIG's $19 billion acquisition of SunAmerica, extending his company's reach into the variable annuities trade. Evan tried to compensate by adopting his father's tough-guy persona and silencing people with whom he had differences. But expectations were different in the insurance world, where the Greenbergs were the closest thing to a royal family. WebGreenberg had a 14-year relationship with journalist Nikki Finke, getting engaged in 1974 and married in 1980. (After the incident became public, Fortune Brands dropped Marsh.). WebEvan Greenberg (was born in 1955) is an American business executive. AIG traces its roots back to a small insurance office that Starr opened in 1919 in Shanghai. "That's the stupidest thing I've ever heard," Hank told his son in front of a girlfriend. He wasn't willing to peer under rocks to find out what was really going on. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Jeffrey didn't have his father's decisiveness, but like Hank, he was keen when it came to finance and underwriting, and he carried himself with the same regal air. Sometimes it felt like it could be a pizza parlor, the way Hank and Evan communicated with each other.". Evan, on the other hand, rebelled. 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 Next Question! He enlisted in the Army in 1942, when he was 17, using a fake birth certificate. "Maybe we should go out to dinner."
The feeling at Marsh was that Jeffrey was "gold, absolute gold, because of his last name," says a former broker. In many ways, Hank Greenberg is a classic first-generation entrepreneur. It was so bizarre. "But you had to take a beating once in a while. The younger two, Scott and Cathleen, did brief stints at AIG before going their own way.
You'll ruin my reputation.". Evan Greenberg was previously married he is already divorced from his wife. Just before he died in 1968, Starr astonished many of his longtime executives by naming Greenberg his successor at a dramatic meeting in Bermuda. Having spent two years at Marsh & McLennan, he was already a poised young executive by the time he arrived. It's unclear where all this leaves the Greenbergs.
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