The amazing story of hank greenberg and the history of aig. The insurance society of philadelphia isop announced that maurice r. The former chairman of aig appealed a decision by the federal court. The first part of the book gives a concise, easy to read, interesting account of mr greenbergs career, particularly his rise to the top of what became aig. The pilot calmly but quickly conferred on which airport he should try to reach with maurice hank greenberg, aig s chief executive. Greenbergs ouster in 2005, aig made the disastrous mortgage bets that drove it. He is also mentioned in the book all the devils are here. The aig story chapter 18, nationalization by lawrence a.
In his new book, the aig story, the man who ran the worlds largest insurer, maurice hank greenberg settles scores with the u. Use features like bookmarks, note taking and highlighting while reading the aig story. Hank greenberg, former aig ceo, admits culpability in. Cunninghamalso offers a fascinating company history and an account of how, after mr. Maurice hank greenberg, the former chief executive of american international group aig, is admitting to fraud under a settlement of a longrunning lawsuit against the insurance giant. In a wellcrafted narrative, it tells the story of greenberg, the free market visionary who, through his legendary genius for risk management, unsurpassed organizational skill and sheer.
They regale readers with riveting vignettes of how aig. Maurice raymond hank greenberg born may 4, 1925 in new york city is a businessman and former chairman and ceo of american international group aig, which under his tenure, was the worlds. The aig story kindle edition by greenberg, maurice r. Join japan society for a discussion about the new book the aig story. Geithner borrowed page from doomsday book for aig bailout. Greenberg, maurice 1925 american international group aig overview. Download for offline reading, highlight, bookmark or take notes while you read the aig story. Starr, a diversified financial services firm that is named for.
In 1962, maurice greenberg was handed leadership of a small, failing insurance company. Maurice hank greenberg on his new book, the aig story. A selfserving portrait of aigs maurice hank greenberg. Greenbergs ouster in 2005, aig made the disastrous mortgage bets that drove it into the arms of the feds. The aig story wiley online books wiley online library. File photo maurice hank greenberg, former chairman of american international group inc. In the aig story, the companys longterm 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. Aig, delivers his speech during the general membership lunch. Maurice raymond hank greenberg born may 4, 1925 is an american business executive and former chairman and ceo of american international group aig, which was the worlds 18th largest public company and its largest insurance and financial services corporation he is currently chairman and ceo of c. The book also paints a clear picture of the harddriving, profitcentered corporate culture mr. Greenbergs admission is part of a settlement of the highprofile fraud suit brought in 2005 by thenattorney general eliot spitzer. Greenberg, chairman and ceo, starr insurance holdings, inc.
Aig, talked about his book, the aig story, in which he november, 2009 government aid to industry. Greenberg, the deposed chairman of the american international group and the subject of his fallen giant. Greenberg, chairman of the uskorea business council and chairman of the american international group, inc. They regale readers with riveting vignettes of how aig grew from a modest. Hank greenberg admits to aig sham and settles fraud suit. Not another selfserving business biography or dry corporate history, the aig story is a business adventure. Maurice raymond hank greenberg born may 4, 1925 is an american business executive and former chairman and chief executive officer of american international group aig, which was the worlds 18th largest public company and the largest insurance and financial services corporation in history contents. Greenbergs own book gets biblical when it says his wrath befell those who delayed or deceived. Selected as one of motley fools 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to 2005 and gw. After 12 years, exaig chief greenberg settles accounting.
Aig, talks about the rise and fall of the international insurance and financial products company. Greenbergs career is chronicled in the 2006 book fallen giant. Selected as one of motley fools 5 great books you should read in the aig story, the companys longterm 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. In 1962 greenberg was named by aigs founder, cornelius vander starr, as the head of aigs north. Geithners reference to the manual, disclosed by the 53yearold career bureaucrat in his second day of testimony, could be crucial as maurice hank greenberg, a large aig shareholder, is. The amazing story of hank greenberg and the history of a. Considered by some to be the most powerful single personality in the insurance business, billionaire maurice hank greenberg heads the american international group aig, a multinational giant and the largest underwriter of commercial and industrial insurance in the united states. The value in rons book is his personal perspective of the sweep of the story.
Greenberg is chairman of starr companies, a global insurance and investment organization founded by cornelius vander starr in 1919 in shanghai, china. Maurice raymond hank greenberg born may 4, 1925 is an american business executive and former chairman and ceo of american international group aig, which was the worlds 18th largest public company and its largest insurance and financial services corporation. Aig in march 2005, after serving as chief executive officer from 1967. A unique insider view into the recent aig crisis and hank greenberg. Selected as one of motley fools 5 great books you should read in t. This is the final chapter of the aig story, a book about the growth of a. All hank greenberg ever wanted was an unfair advantage. Greenberg retired as chairman and ceo of american international group aig, a former starr subsidiary, which became the first fully licensed foreign insurance company in china.
Greenberg retired as chairman and ceo of american international group, inc. Maurice raymond hank greenberg born may 4, 1925 is an american business executive. Greenberg, 9781118345870, available at book depository with free delivery worldwide. By 2004, american international group aig had become the worlds eighteenth largest company. Aig, talked about his book, the aig story, in which he chronicles the rise and fall of the international insurance and. Greenberg famously fostered at aig, which is described in military terms by the world war ii and. A legendary ceo tells the inside story of building the worlds larges. The aig story selected as one of motley fools 5 great books you should readin the aig story, the companys longterm 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. Rons tale of hank greenberg and aig is a rare opportunity for a personal look inside the history of an american and global business legend. Everyday low prices and free delivery on eligible orders.
However, i found reading part 2 very difficult to read, as i had to read about the almost maniacal antics of a new york state politician by the name of elliot. It is evident that he conducts his business affairs in an orderly, pragmatic way, and seemingly with the highest standards of ethical and humanitarian considerations. Maurice greenberg, former ceo of american international group, inc. Hank greenbergs firsthand experience at aig, combined with cunninghams additional research and interviews. That is the phrase that ron shelp chooses to sum up maurice r. Greenberg, the often combative former chief executive of american international group, began a news media counteroffensive. Then the financial crisis hit and hank greenbergs magnificent creation teetered on the brink. His legal team had argued that the government did not compensate a. Greenberg, is the former chairman and chief executive officer of american international group, inc. Spitzer, is the former attorney general of the state of new york hereinafter the nyag. Cunningham, the aig story, 20 gwu law school public law research paper no. Greenberg settlement ends legal battle that began with. Spitzer, defendant, 1436 comments by spitzer may be actionable, judge finds june 30, 2014 at 12. For as much rightful anger and disrespect the letters aig elicit, this book actually changed my view of the insurance giant.
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