The AIG Story

Robbed. Some readers will know a lot about what led to the bailout of AIG, and others may not know much. Some readers know that former New York Attorney General Elliot Spitzer focused his prosecutorial attention on former AIG Chairman and CEO Hank Greenberg. All readers should be aware that a new book by Greenberg and Lawrence R. Cunningham titled The AIG Story lays out Greenberg’s version of what happened. In summary: Greenberg says he was robbed of his job and of a considerable piece of his fortune. This is a great book for any reader who likes business stories and the practice of management. Greenberg built AIG into a huge and profitable company. He was forced out of that job because of political pressure. Under his successor, the company came to the brink of failure and required a huge government bailout. We may never learn the complete story, but this version of events is interesting and entertaining. Rating: Four-star (I like it) Click here to purchase The AIG Story from amazon.com.