Hear the firsthand account of one of the great business success stories of the twentieth century and a captivating history of the evolution of global capitalism over the past six decades.
Hank Greenberg, AIG’s legendary CEO of 40 years and corporate governance expert, Lawrence Cunningham, relate the complete, inside story of the rise and near-destruction of AIG.
Greenberg and Cunningham explain how, in 2005, beset by an army of overzealous lawyers and ambitious politicians—foremost among them, then New York Attorney General Eliot Spitzer—AIG was seriously wounded. And Greenberg and Cunningham describe how, three years later, in 2008, in an effort to save Wall Street from its own vices, the U.S. Government seized AIG, using it to funnel staggering amounts of bailout money to Goldman Sachs and other “too-big-to-fail” banks.
Hank Greenberg will be available to sign copies of The AIG Story after the program.
Maurice R. Greenberg is Chairman and CEO of C.V. Starr & Co., Inc. He joined C.V. Starr & Co., Inc. as Vice President in 1960 and was given the additional responsibilities of President of American Home Assurance Company in 1962. He was elected Director of C.V. Starr & Co., Inc. in 1965, Chairman and CEO in 1968 and continues in that role. Mr. Greenberg retired as Chairman and CEO of American International Group, Inc. (AIG) in March 2005, after serving as Chief Executive Officer from 1967. Under his leadership, AIG became the largest insurance company in the world and generated unprecedented value for AIG shareholders. During the nearly forty years of his leadership, AIG's market value grew from $300 million to $l80 billion.
Lawrence A. Cunningham is the Henry St. George Tucker III Research Professor at the George Washington University Law School and Director of GW's Center for Law, Economics and Finance (C-LEAF) in New York. Previous books include Contracts in the Real World: Stories of Popular Contracts and Why They Matter (Cambridge University Press 2012). His writings-on a wide range of business and legal topics-have also appeared in leading scholarly journals and such periodicals as The New York Times, the Financial Times and the New York Daily News.
Betty Liu is the anchor of Bloomberg Television’s “In the Loop with Betty Liu” (8-10 am ET), a daily business morning news program that covers the opening of U.S. markets and financial, economic and political news from around the world. On weekdays at 12 noon ET, Liu also hosts the half-hour program "In the Loop at the Half" on Bloomberg Radio, which features a fast-paced look at market activity and what investors can expect in the afternoon as they head to the close.