A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 2 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part III - Chapter 18 : CEOs  > Billionaire CEOs  :     Previous    1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10   Next

   Billionaire CEOs

Page entitled : Business practices of AIG CEO Hank Greenberg and his sons at Marsh & McLennan and ACE

Content of this page is about :
A father's [Maurice R. Greenberg] unability of keeping his sons, Jeffrey Greenberg and Evan Greenberg at AIG or a family plot to dominate America's insurance business.

Extract :
... investigation brought evidence that Marsh & McLennan channelled business from its customers to a selected group of insurance companies, including AIG, who paid the highest commissions. AIG perfected the system by awarding Marsh & McLennan kickbacks based on an escalating percentage of its premiums for ...


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