By Lawrence A. Cunningham, Maurice R. Greenberg
ISBN-10: 1118519582
ISBN-13: 9781118519585
Selected as one in all Motley Fool’s "5 nice Books you'll want to Read"
In The AIG Story, the company's long term CEO Hank Greenberg (1967 to 2005) and GW professor and company governance specialist Lawrence Cunningham chronicle the origins of the corporate and its relentless pioneering of open markets all around the global. They regale readers with riveting vignettes of ways AIG grew from a modest workforce of coverage firms in 1970 to the biggest coverage corporation in international historical past. they assist us comprehend AIG's targeted entrepreneurial tradition and the way its impressive staff world wide helped pave the line to globalization.
• Corrects a number of universal misconceptions approximately AIG that arose because of its function on the middle of the monetary challenge of 2008.
• a special account of AIG by means of one of many iconic enterprise leaders of the 20th century who built shut relationships with the various most crucial international leaders of the interval and helped to open markets everywhere
• bargains new serious viewpoint on battles with N. Y. legal professional normal Eliot Spitzer and the 2008 U.S. govt seizure of AIG amid the monetary crisis
• stocks huge info no longer formerly made public
The AIG tale captures a magnificent saga in company history--one of innovation, imaginative and prescient and management at an organization that was once nearly--destroyed with a couple of strokes of governmental pens. The AIG tale contains very important classes and implications for the united states, specifically its function in overseas affairs, its method of enterprise, its felony method and its dealing with of monetary crises.
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Sample text
Starr Tech succeeded, gaining modestly at first and growing steadily thereafter. C. V. Starr & Company ultimately moved the business in-house, shifting from a pool/ membership structure to direct underwriting of all the risks, backed by reinsurance. With Greenberg on board, Starr’s businesses were taking a new shape. Executives continued to exhibit the traits that Starr prized and Greenberg sought out: fresh-thinking, self-reliant individuals prepared to make necessary changes and to be creative.
7 He left behind legions of devoted business associates and protégés worldwide, along with a few distant relatives and his estranged ex-wife. Tse flew in from Hong Kong, met by Greenberg and Tweedy at John F. Kennedy Airport. On the drive into Manhattan, Tweedy, Starr’s personal lawyer, explained that Starr’s will named as executors of his estate the three of them, along with the other existing directors of C. V. 9 Tse asked about the interment. Starr wished to be cremated, Tweedy said, but had not indicated what to do with his ashes.
Starr wished to be cremated, Tweedy said, but had not indicated what to do with his ashes. Tse suggested reposing them at Morefar. After conferring with the other directors, the group agreed and chose a site atop a hill, deep into the estate, beyond what would become the fourteenth green of the golf c03 18 December 2012; 13:6:18 Succession 35 course. The spot was within a grove of trees and overlooked a reservoir that had reminded Starr of China. Starr had long considered building a home there, so it seemed to be the natural place for Starr’s ashes.