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Hank Greenberg (AIG)
Hank Greenberg (AIG)
Former AIG chief Hank Greenberg
Retired 2005

Greenberg was ousted shortly after New York regulators sued AIG for fudging its accounting. While AIG's debt had grown under Greenberg, Martin Sullivan, his successor, rapidly expanded the insurer's exposure to subprime mortgages. On the verge of collapse in September, Sullivan resigned and the government stepped in with a bailout now valued at $152.5 billion.

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Last updated February 17 2009: 1:35 PM ET
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