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...
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With Updates On The Aig CrisisFallen GiantSecond EditionThe Amazing Story Of Hank Greenberg And The History Of AigRon Shelp With Al EhrbarPraise for the first edition of FALLEN GIANT"At last, a knowledgeable, balanced, and fascinating account of the astonishing rise and stunning fall of one of the most astounding business leaders of this, or any, era."—Steve Forbes, President, CEO, and Editor in Chief, Forbes"Ron Shelp has captured perfectly the heart of the story of this business genius toppled by shifting definitions of corporate misconduct. A compelling read."—Meyer S. Frucher, former chairman and CEO, Philadelphia Stock Exchange"Fallen Giant is a fascinating account, by an insider, of the times and troubles of one of America's most famed business leaders and of the great insurance company he led."—John Brademas, President Emeritus, New York University"Ron's tale of Hank Greenberg and AIG is a rare opportunity for a 'personal look' inside the history of an American and global business legend. The value in Ron's book is his personal perspective of the sweep of the story."—Jerry De St. Paer, former senior vice president, AIGA unique insider view into the recent AIG crisis and Hank GreenbergFor nearly forty years, Maurice "Hank" Greenberg was one of the most powerful CEOs in America. He built American International Group (AIG) from a second-rate insurer into one of the world's most profitable companies. But times have certainly changed, and now author Ronald Shelp—who worked alongside Greenberg and within the AIG organization for many years—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. Filled with international intrigue and expert business acumen, this book paints a compelling portrait of both the past successes and current crises of Hank Greenberg and AIG.Visit www.fallengiantthebook.com
Acknowledgments viiPrologue xiIntroduction xvChapter 1 How Hank Greenberg Did It 1Chapter 2 Shanghai Starr 17Chapter 3 Secrets to Building the Chinese Empire 33Chapter 4 Start and "Wild Bill" Donovan Use Insurance to Fight the Japanese 45Chapter 5 Turning the War to Advantage 53Chapter 6 Business Is Pleasure and Pleasure Is Business 69Chapter 7 Preparing to Be a Public Company 83Chapter 8 A Nobody Beats the Ivy Leaguers 95Chapter 9 Life with Hank Greenberg 113Chapter 10 Morefar 155Chapter 11 The Mystery of What Happened at AIG 161Chapter 12 Greenberg's Fall from Grace 169Chapter 13 The Great Survivor Vows to Bounce Back 191Chapter 14 Fighting for Honor and Managing from Afar 211Chapter 15 The Battle of the Lawyers 225Chapter 16 A Losing Struggle to Save a Lifetime's Work 235The Cast of Characters 253Timeline 259References 263Books by Ron Shelp 269About the Author 271Index 273
\ From Barnes & NobleMaurice "Hank" Greenberg deserves at least a chapter in any history of the insurance industry. For nearly 40 years, this son of a New York candy shop owner ruled the roost at American International Group (AIG), transforming a second-level insurer into the one of the world's most profitable companies. Together with his sons, Evan and Jeffrey, Greenberg controlled a major portion of the nation's insurance business. In Fallen Giant, author Ron Shelp delves into Greenberg's tenure at the top of AIG and describes the company's involvement with controversial international business tactics. A fascinating look at globalism played at the highest level.\ \
