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'''Maurice R. "Hank" Greenberg''' , "ranked 132 in the world and 59th in the US with assets of $3.1 billion," was forced out as Chairman of top insurance company [[American International Group]] (AIG) after the company "admitted to $1.7 billion in improper accounting." In Spring 2005, "two of Greenberg's sons, both executives in the insurance business, have also been tarnished by scandal." [http://www.csmonitor.com/2005/0401/p03s01-usju.html] ==Bush Connection=="Greenberg is Chairman well-known in Washington where he known for raising large amounts of money. Greenberg was one of the President [[Nixon CenterGeorge W. Bush|Bush]]'s [[Bush's Rangers|'Rangers']]which means he personally raked in more than $200,000 for the reelection campaign. Greenberg At the same time, he is also known for his access to members of the cabinet and Congress. This access has paid-off as the administration has often supported Greenberg on a number of issues ranging from access to [[China]] to [[terrorism]] insurance," Ron Scherer [http://www.csmonitor.com/2005/0401/p03s01-usju.html reported] in the April 1, 2005, ''Christian Science Monitor''. ==Affiliations==*Chairman , [[Nixon Center]]*"Greenberg and AIG have further expanded their reach through the use of the $5 billion [[Starr Foundation]], named after the founder of the company Cornelius Vander Starr. It supports influential groups such as the [[Council on Foreign Relations]] and CEO the [[National Chamber Foundation]], associated with the [[U.S. Chamber of Commerce|US Chamber of Commerce]]," Sherer [http://www.aigcsmonitor.com American International Group/2005/0401/p03s01-usju.html wrote]. ==External Links==*Ron Scherer, [http://www.csmonitor.com/2005/0401/p03s01-usju.html "A top insurance company as the new Enron? An accounting probe at AIG worries Wall Street, and involves some of America's richest men,"] ''Christian Science Monitor'', April 1, 2005.*Gretchen Morgenson, [http://select.nytimes.com/gst/abstract.html?res=FA0B1EF73B5B0C708CDDAD0894DD404482 "A.I.G.: Whiter Shade Of Enron"] (abstract), ''New York Times'', April 3, 2005.*Kurt Eichenwald and Jenny Anderson, [http://select.nytimes.com/gst/abstract.html?res=F10E10FD355B0C778CDDAD0894DD404482 "How a Titan of Insurance Ran Afoul of the Government"](abstract), ''New York Times'', April 4, 2005. [[category:scandals]][[category:corruption]]