Unfortunately, all these personal shenanigans spill over into the corporate world where shareholders are the ones to suffer.
OAM
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When Jeffrey W. Greenberg was forced out as chief executive of Marsh & McLennan, the big insurance broker, amid a bid-rigging investigation of the company last year, journalists raced to call his ex-wife, Nikki Finke, a journalist herself.
From “Jack” by Jack Welch (Warner Books, 2001), top; Associated Press, middle
John F. Welch Jr., top, the former General Electric chief, with Jane Beasley Welch in 1991. Lorna Jorgenson Wendt, middle, set a new standard in her divorce from Gary C. Wendt, a former G.E. executive. Joan Stonecipher, bottom, and Harry C. Stonecipher, formerly of Boeing, were married for 50 years.
Eager for any insights into the dynamics of Mr. Greenberg's highly secretive family - his father, Maurice, was then the chief executive of the American International Group, the giant insurer, and a brother, Evan, is the chief executive of Ace Ltd., another big insurance company - they found that Ms. Finke was one of the few people willing to talk.
Even though her marriage to Mr. Greenberg ended in the early 1980's, she knew the family well. She was one of a handful of outsiders who understood the rivalry between the brothers and would talk openly about tensions within the family, including Maurice Greenberg's sometimes harsh style with his sons.
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