A legendary CEO tells the inside story of building the world's largest insurance company—and the dramatic tale of its near-destruction after he left in early 2005, as successors transformed AIG and drove it to the center of the financial crisis of 2008
In 1962, Maurice Greenberg was handed leadership of a small, failing insurance company. By 2004, American International Group (AIG) had become the world's eighteenth largest company. Then the financial crisis hit and "Hank" Greenberg's magnificent creation teetered on the brink. You've read other accounts of AIG. Now read the inside story.
In The AIG Story, Maurice Greenberg enlists Lawrence Cunningham to help chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. They regale readers with riveting vignettes of how AIG grew from a modest group of insurance enterprises in 1970 to the largest insurance company in world history. They help us understand AIG's distinctive entrepreneurial culture and how its outstanding employees worldwide helped pave the road to globalization.
- A unique inside account of AIG by one of the iconic business leaders of the twentieth century who developed close relationships with many of the most important world leaders of the period and helped to open markets everywhere
- Offers new critical perspective on battles with N. Y. Attorney General Eliot Spitzer and the 2008 U.S. government seizure of AIG amid the financial crisis
- Enriched by the craftsmanship, research and extensive interviews of other players by corporate governance expert, law professor, and writer Lawrence Cunningham
- Shares considerable information not previously made public
Keywords: Business & Management Special Topics, Maurice Greenberg, Hank Greenberg, Lawrence A. Cunningham, AIG, American International Group, 2008 financial crisis, the financial crisis, the global financial crisis, book on the financial crisis, bailout, federal reserve bailout, nationalization, rule of law, Eliot Spitzer, corporate accounting, outside directors, business history, corporate history, Cornelius Vander Starr, the Starr Foundation, business innovation, insurance, life insurance, property &, casualty insurance, corporate culture, business vision, leadership, management, iconic CEOs, international relations, international trade, trade in services, free trade, China-U.S. relations, Russia-U.S. relations, foreign relations, investments, global infrastructure funds