Ex-AIG Boss Hank Greenberg Gives $10M to Jeb Bush PAC
Image by Getty Images
WASHINGTON – Former American International Group Chief Executive Maurice “Hank” Greenberg has donated $10 million to Right to Rise, the Super PAC backing Republican presidential candidate Jeb Bush, the Wall Street Journal reported on Thursday, citing people with knowledge of the group’s fundraising.
The donation makes the Jewish-American businessman one of the largest contributors to the November election, the newspaper said, and adds further to the unprecedented pool of money funding the race
Greenberg, 90, who was ousted from AIG in 2005 after nearly four decades at the helm, told the Journal he did not deny making the contribution but did not want to discuss it in an interview. The Super PAC is not required to disclose donations until the end of the month.
Super PACs, political groups that can raise unlimited funds to advocate for candidates as long as they do not coordinate with them, have multiplied the amount of money spent on ads for candidates compared with previous election cycles.
But the link between money spent and support received is not clear. The group backing Bush has led in spending on advertising, but the former Florida governor has lagged in the polls.
A recent Reuters/Ipsos poll showed Bush tied for fourth place among Republican contenders for the nomination, with 8 percent support.
This is a moment of great uncertainty. Here’s what you can do about it.
We hope you appreciated this article. Before you go, we’d like to ask you to please support the Forward’s independent Jewish news this Passover. All donations are being matched by the Forward Board - up to $100,000.
This is a moment of great uncertainty for the news media, for the Jewish people, and for our sacred democracy. It is a time of confusion and declining trust in public institutions. An era in which we need humans to report facts, conduct investigations that hold power to account, tell stories that matter and share honest discourse on all that divides us.
With no paywall or subscriptions, the Forward is entirely supported by readers like you. Every dollar you give this Passover is invested in the future of the Forward — and telling the American Jewish story fully and fairly.
The Forward doesn’t rely on funding from institutions like governments or your local Jewish federation. There are thousands of readers like you who give us $18 or $36 or $100 each month or year.
Support our mission to tell the Jewish story fully and fairly.
