The AIG Story

  • by Maurice R. Greenberg, Lawrence A. Cunningham
  • Narrated by Andy Caploe
  • 11 hrs and 51 mins
  • Unabridged Audiobook

Publisher's Summary

A legendary CEO tells the inside story of building the world's largest insurance company—and the dramatic tale of its near-destruction after he left in early 2005, as successors transformed AIG and drove it to the center of the financial crisis of 2008.
In 1962, Maurice Greenberg was handed leadership of a small, failing insurance company. By 2004, American International Group (AIG) had become the world's eighteenth largest company. Then the financial crisis hit and "Hank" Greenberg's magnificent creation teetered on the brink. You've read other accounts of AIG. Now read the inside story.
In The AIG Story, Maurice Greenberg enlists Lawrence Cunningham to help 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.
A unique inside 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.
Enriched by the craftsmanship, research and extensive interviews of other players by corporate governance expert, law professor, and writer Lawrence Cunningham.
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 is really Hank Greenberg's story, told from the very heart of events and carrying 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.

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Customer Reviews

Most Helpful

Business with a Handshake

AIG is the thousand pound gorilla in insurance. I always wanted to know more about the insurance company. I know that they do a lot more other than insurance, but I don't have a MBA to fully understand all of the terms. It was most interesting to listen to "The AIG Story" from Mr. Greenberg's point of view and how he formed the group and hired his employee with a handshake, and the drama of getting him outcasted in his own firm. I've read my fair amount on finance, but "The AIG Story" is sub par among them all.
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- Tim

You might not agree with Mr. Greenberg ...

... on everything, but if you want to see, blow by blow, how a business and insurance genius built a world-beating company, have a look. This man's success is not hard to understand, in this light. There are several books out (on audible as well) on aspects of this topic, but nobody has told Mr. Greenberg's story, anything like this. It is filled with action, conversations, confrontations, all the dynamics on the way up. The way things unfolded for AIG in recent times was very unfortunate, and I'm not going to get into one side or another of the blame game. Whatever your conclusions may be about it, this is time well spent for anyone following the story, or aspiring to climb in the corporate world, or just for the avid business history fan. And I love that this book delves into the insurance themes, substantially (if lightly enough to keep moving). Many authors seem to think they can tell the AIG story (and perhaps sell books) as some sort of catchy human-drama-and-hubris story while omitting that. It is important to see what products Mr. Greenberg was innovating and selling, as a part of the description, to really get the story.
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- Phil O.

Book Details

  • Release Date: 07-22-2013
  • Publisher: Audible Studios