"Captivating. If you think you know AIG, you don't know the half of it without knowing its history. Greenberg and Cunningham splendidly lay out the trials, setbacks and successes of this enormous insurance giant. It's a fun, engrossing read -- and if you're an AIG investor, you're crazy not to put your hands on a copy."
Robert Weinstein, The Street / MSN Money
"Great book. For as much rightful anger and disrespect the letters 'AIG' elicit, this book actually changed my view of the insurance giant. Greenberg and Cunningham detail who they blame for the company's downfall. Don't pretend you don't want to hear the rest of that story."
The Motley Fool
"A fascinating company history and account of how, after Greenberg's ouster in 2005, AIG made disastrous mortgage bets that drove it into the arms of the feds."
The Wall Street Journal
The Financial Times
"Strong, fast-moving and well-crafted. A remarkable story."
--John R. Coyne Jr., The National Interest
"A useful contribution to the ongoing shaping of the story of the recent financial crisis.
The authors examine Greenberg's career building the biggest insurance company in the world. A Korean War veteran, Greenberg brought Western insurance products to the Soviet Union and Eastern Europe, helped open China to Western finance, and provided indispensable, sometimes covert, services to the U.S. government."Kirkus Reviews"The AIG Story is well documented, telling of how the company virtually collapsed [after] Greenberg was pushed out of leadership. The book has much information to share with financial leaders to help grow a business and to protect a company during periods of economic downturns. The narrative is written in a style that is understandable."
William Taylor, ABA Banking Journal
From the Author
ABOUT THE AUTHORSHank Greenberg:
Chairman and CEO of C.V. Starr & Co., which he joined as vice president in 1960, becoming a director in 1965 and Chairman and CEO in 1968. From 1967 until 2005, he was CEO of American International Group, which grew during that period from a scattered collection of insurance businesses worth about $300 million to the largest insurance company in world history, worth more than $180 billion. After he left AIG, the company's new leadership embarked on a radical transformation that put the company at the heart of the 2008 financial crisis and nearly destroyed it. He has been among the most active and influential international business executives in history.Lawrence Cunningham:
the Henry St. George Tucker III Research Professor at George Washington University Law School and Director of GW's Center for Law, Economics and Finance (C-LEAF) in New York. He is the author of numerous books, including The Essays of Warren Buffett: Lessons for Corporate America
, and articles, some of which are drawn on in The AIG Story
on topics such as corporate governance and the financial crisis of 2008. On Amazon, Cunningham has been ranked one of the top 100 authors in the category of business and investing.