Book description
Selected as one of Motley Fool's  â 5 Great Books You Should
Readâ
In The AIG Story, the company's long-term CEO Hank
Greenberg (1967 to 2005) and GW professor and corporate governance
expert Lawrence Cunningham 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.Â
- Corrects numerous common misconceptions about AIG that arose due
to its role at the center of the financial crisis of 2008.
- A unique 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
- Â Shares considerable information not previously made publicÂ
The AIG Story captures an impressive saga in business history--one of
innovation, vision and leadership at a company that was
nearly--destroyed with a few strokes of governmental pens. The AIG
Story carries important lessons and implications for the U. S.,
especially its role in international affairs, its approach to
business, its legal system and its handling of financial crises.
Maurice R. Greenberg is Chairman and CEO of C. V. Starr &
Co., Inc. He joined C. V. Starr & Co., Inc. as Vice President in
1960 and was given the additional responsibilities of President of
American Home Assurance Company in 1962. He was elected Director of C.
V. Starr & Co., Inc. in 1965, Chairman and CEO in 1968 and
continues in that role. Mr. Greenberg retired as Chairman and CEO of
American International Group, Inc. (AIG) in March 2005, after serving
as Chief Executive Officer from 1967. Under his leadership, AIG became
the largest insurance company in the world and generated unprecedented
value for AIG shareholders. During the nearly forty years of his
leadership, AIG's market value grew from 0 million to $l80 billion.
Lawrence A. Cunningham is the Henry St. George Tucker III
Research Professor at the George Washington University Law School and
Director of GW's Center for Law, Economics and Finance (C-LEAF) in New
York. Previous books include Contracts in the Real World: Stories
of Popular Contracts and Why They Matter (Cambridge University
Press 2012). His writingsÂ-on a wide range of business and legal
topicsÂ-have also appeared in leading scholarly journals and such
periodicals as the New York Times, the Financial Times,
and the New York Daily News.
