The AIG Story (eBook)

Maurice R. Greenberg, Lawrence A. Cunningham (Autoren)

eBook Download: PDF | EPUB

2013 | 1. Auflage
368 Seiten
John Wiley & Sons (Verlag)
978-1-118-51958-5 (ISBN)

Infos

Selected as one of Motley Fool's "5 Great
Books You Should Read"

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.

* 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

* Shares considerable information not previously made
public

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.

Autor

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 $300 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 writings--on a wide range of business and legal topics--have also appeared in leading scholarly journals and such periodicals as the New York Times, the Financial Times, and the New York Daily News.

Inhalt

Chairman's Note xi

Preface xiii

Acknowledgments xxi

Part One

Chapter 1 Independence 3

Chapter 2 Innovation 19

Chapter 3 Succession 31

Chapter 4 Vision and Culture 43

Chapter 5 The Internationalist 53

Chapter 6 Raising the Iron Curtain 63

Chapter 7 Opening Trade in Services 79

Chapter 8 Reopening China 95

Chapter 9 The Life Business 111

Chapter 10 The Domestic Front 125

Chapter 11 Investments 139

Chapter 12 Governance 149

Part Two

Interlude 167

Chapter 13 Hostile Change 171

Chapter 14 Restating History 189

Chapter 15 Civil War 203

Chapter 16 Saving the Starr Foundation 213

Chapter 17 Chaos 223

Chapter 18 Nationalization 243

Epilogue 261

Notes 265

About the Companion Web Site 309

About the Authors 311

Index 313

Rezensionen

"Summing Up: Recommended. General readers; all
levels of undergraduate students; professionals."
(Choice, 1 August 2013)

"Did the U.S. government break the law when it seized control of
American International Group during the financial crisis of 2008?
In 'The AIG Story,' the man who built the giant insurer says that
the answer is yes and explains his reasoning. Former AIG chief
executive Maurice R. 'Hank' Greenberg--along with his
co-author, Lawrence A. Cunningham--also offers a fascinating
company history and an account of how, after Mr. Greenberg's ouster
in 2005, AIG made the disastrous mortgage bets that drove it into
the arms of the feds." (The Wall Street Journal)

"[A] strong, fast-moving and well-crafted book...In effect,
there are two stories here, both well told: the first, the story of
a man who dreamed the American dream and realized it through drive,
determination, and adherence to principle; and the second, the
story of what seems to be an evolving model, with government
officials, always for political reasons, exercising what
increasingly approaches operational control over American business.
It's to the great credit of Greenberg that he's never
accepted the validity of the second and has devoted his life and
great energies to keeping the first alive and well." (The
National Interest)

"The early chapters of 'The AIG Story' trace the acquisition of
its U.S. units and international expansion, and offer interesting
anecdotes. The book also paints a clear picture of the
hard-driving, profit-centered corporate culture Mr. Greenberg
famously fostered at AIG." (Business Insurance)

"The AIG Story is well documented, telling of how the company
virtually collapsed and Greenberg was pushed out of leadership. The
book has much information to share with financial leaders to help
grow a business and to protect the identity of a company during
periods of economic downturns."--ABA Banking Journal

"The only first-hand account of AIG's rise and near destruction,
this book is a compelling chronicle of one of the great business
success stories of the twentieth century as well as a history of
the evolution of global capitalism over the past six
decades."--Continuity Risk & Insurance

Produkt-Details

• Erscheint lt. Verlag: 9.1.2013
• Sprache: englisch
• Themenwelt: Geschichte ► Teilgebiete der Geschichte ► Wirtschaftsgeschichte
• Themenwelt: Wirtschaft ► Allgemeines / Lexika
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Finanzwissenschaft
• Schlagworte: Business & Management • Business & Management Special Topics • Spezialthemen Wirtschaft u. Management • Wirtschaft • Wirtschaft u. Management
• ISBN-10: 1-118-51958-2 / 1118519582
• ISBN-13: 978-1-118-51958-5 / 9781118519585