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.
I hope you appreciated this article. Before you go, I’d like to ask you to please support the Forward’s award-winning, nonprofit journalism during this critical time.
Now more than ever, American Jews need independent news they can trust, with reporting driven by truth, not ideology. We serve you, not any ideological agenda.
At a time when other newsrooms are closing or cutting back, the Forward has removed its paywall and invested additional resources to report on the ground from Israel and around the U.S. on the impact of the war, rising antisemitism and the protests on college campuses.
Readers like you make it all possible. Support our work by becoming a Forward Member and connect with our journalism and your community.
Make a gift of any size and become a Forward member today. You’ll support our mission to tell the American Jewish story fully and fairly.
— Rachel Fishman Feddersen, Publisher and CEO
Join our mission to tell the Jewish story fully and fairly.
