By Lawrence A. Cunningham, Maurice R. Greenberg
Selected as one among Motley Fool’s "5 nice Books you might want to Read"
In The AIG Story, the company's long term CEO Hank Greenberg (1967 to 2005) and GW professor and company governance professional Lawrence Cunningham chronicle the origins of the corporate and its relentless pioneering of open markets all over the global. They regale readers with riveting vignettes of the way AIG grew from a modest staff of coverage businesses in 1970 to the biggest coverage corporation in global background. they assist us comprehend AIG's unique entrepreneurial tradition and the way its impressive staff all over the world helped pave the line to globalization.
• Corrects quite a few universal misconceptions approximately AIG that arose because of its position on the middle of the monetary quandary of 2008.
• a special account of AIG by way of one of many iconic enterprise leaders of the 20th century who built shut relationships with some of the most vital global leaders of the interval and helped to open markets everywhere
• bargains new serious standpoint on battles with N. Y. lawyer basic Eliot Spitzer and the 2008 U.S. executive seizure of AIG amid the monetary crisis
• stocks significant details no longer formerly made public
The AIG tale captures a magnificent saga in company history--one of innovation, imaginative and prescient and management at a firm that was once nearly--destroyed with a couple of strokes of governmental pens. The AIG tale consists of very important classes and implications for the united states, particularly its function in foreign affairs, its method of enterprise, its criminal method and its dealing with of monetary crises.