A unique insider view into the recent AIG crisis and HankGreenberg
For nearly 40 years, Maurice “Hank” Greenberg was one of themost powerful CEOs in America. He built American InternationalGroup (AIG) from a second-rate insurer with a great Chinesefranchise into one of the world’s most profitable companies. Buttimes have certainly changed, and now, in the Second Editionof Fallen Giant, author Ronald Shelp-who worked alongsideGreenberg and within the AIG organization for many years-with thehelp of Al Ehrbar, sheds light on both AIG, the company, and HankGreenberg, the man.
This fully updated Second Edition digs deep to uncoverthe latest developments for both Greenberg and AIG, such as themany lawsuits underway, including a criminal trial that will sendfive men-one who still works for Greenberg-to prison. It alsochronicles the incredible story of how AIG was rescued by the Fed,and why the government had no choice in the matter.
- Includes new insights into the latest developments for both AIGand Hank Greenberg
- Reveals the real reasons behind the U.S. government’sunprecedented bailout of AIG
- Explores AIG’s history, starting in Shanghai in 1919, alongwith the downfall of its CEO
- Offers rare insights into how AIG almost collapsed
Filled with international intrigue and expert business acumen,the Second Edition of Fallen Giant paints acompelling portrait of both the past successes and current crisesof Hank Greenberg and AIG.