Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

A unique insider view into the recent AIG crisis and Hank Greenberg

For nearly 40 years, Maurice "Hank" Greenberg was one of the most powerful CEOs in America. He built American International Group (AIG) from a second-rate insurer with a great Chinese franchise into one of the world's most profitable companies. But times have certainly changed, and now, in the Second Edition of Fallen Giant, author Ronald Shelp-who worked alongside Greenberg and within the AIG organization for many years-with the help of Al Ehrbar, sheds light on both AIG, the company, and Hank Greenberg, the man.

This fully updated Second Edition digs deep to uncover the latest developments for both Greenberg and AIG, such as the many lawsuits underway, including a criminal trial that will send five men-one who still works for Greenberg-to prison. It also chronicles 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 AIG and Hank Greenberg
  • Reveals the real reasons behind the U.S. government's unprecedented bailout of AIG
  • Explores AIG's history, starting in Shanghai in 1919, along with 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 a compelling portrait of both the past successes and current crises of Hank Greenberg and AIG.

1100298117
Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

A unique insider view into the recent AIG crisis and Hank Greenberg

For nearly 40 years, Maurice "Hank" Greenberg was one of the most powerful CEOs in America. He built American International Group (AIG) from a second-rate insurer with a great Chinese franchise into one of the world's most profitable companies. But times have certainly changed, and now, in the Second Edition of Fallen Giant, author Ronald Shelp-who worked alongside Greenberg and within the AIG organization for many years-with the help of Al Ehrbar, sheds light on both AIG, the company, and Hank Greenberg, the man.

This fully updated Second Edition digs deep to uncover the latest developments for both Greenberg and AIG, such as the many lawsuits underway, including a criminal trial that will send five men-one who still works for Greenberg-to prison. It also chronicles 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 AIG and Hank Greenberg
  • Reveals the real reasons behind the U.S. government's unprecedented bailout of AIG
  • Explores AIG's history, starting in Shanghai in 1919, along with 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 a compelling portrait of both the past successes and current crises of Hank Greenberg and AIG.

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Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

by Ronald Shelp, Al Ehrbar
Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG

by Ronald Shelp, Al Ehrbar

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Overview

A unique insider view into the recent AIG crisis and Hank Greenberg

For nearly 40 years, Maurice "Hank" Greenberg was one of the most powerful CEOs in America. He built American International Group (AIG) from a second-rate insurer with a great Chinese franchise into one of the world's most profitable companies. But times have certainly changed, and now, in the Second Edition of Fallen Giant, author Ronald Shelp-who worked alongside Greenberg and within the AIG organization for many years-with the help of Al Ehrbar, sheds light on both AIG, the company, and Hank Greenberg, the man.

This fully updated Second Edition digs deep to uncover the latest developments for both Greenberg and AIG, such as the many lawsuits underway, including a criminal trial that will send five men-one who still works for Greenberg-to prison. It also chronicles 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 AIG and Hank Greenberg
  • Reveals the real reasons behind the U.S. government's unprecedented bailout of AIG
  • Explores AIG's history, starting in Shanghai in 1919, along with 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 a compelling portrait of both the past successes and current crises of Hank Greenberg and AIG.


Product Details

ISBN-13: 9780470535660
Publisher: Wiley
Publication date: 07/28/2009
Sold by: Barnes & Noble
Format: eBook
Pages: 288
File size: 1 MB

About the Author

Ron Shelp has many years of experience in both the corporate and nonprofit sectors. He served as a domestic and international troubleshooter and also supervised world-wide government relations, corporate communications, and advertising/sales promotion at AIG. He also served on a number of AIG boards. Following his departure from AIG, Shelp worked at Celanese Corporation as a member of the management committee and for Burson-Marsteller. He later became president and CEO of an Internet company. Shelp's nonprofit experience includes serving as president and CEO of New York City Partnership, which was founded by David Rockefeller.

Al Ehrbar is an experienced business journalist, who was formerly an editor and writer at Fortune and chief economics writer for the Wall Street Journal.

Table of Contents

Acknowledgments.

Prologue.

Introduction.

Chapter 1 How Hank Greenberg Did It.

Chapter 2 Shanghai Starr.

Chapter 3 Secrets to Building the Chinese Empire.

Chapter 4 Starr and “Wild Bill” Donovan Use Insurance to Fight the Japanese.

Chapter 5 Turning the War to Advantage.

Chapter 6 Business Is Pleasure and Pleasure Is Business.

Chapter 7 Preparing to Be a Public Company.

Chapter 8 A Nobody Beats the Ivy Leaguers.

Chapter 9 Life with Hank Greenberg.

Chapter 10 Morefar.

Chapter 11 The Mystery of What Happened at AIG.

Chapter 12 Greenberg’s Fall from Grace.

Chapter 13 The Great Survivor Vows to Bounce Back.

Chapter 14 Fighting for Honor and Managing from Afar.

Chapter 15 The Battle of the Lawyers.

Chapter 16 A Losing Struggle to Save a Lifetime ’ s Work.

The Cast of Characters.

Timeline.

References.

Books by Ron Shelp.

About the Author.

Index.

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