Oct 17, 20 greenberg, 88, the former chairman and chief executive officer of new yorkbased aig, claims the september 2008 assumption of 80 percent of the insurers stock by the new york fed, which. Eliot spitzers battle with former aig ceo maurice greenberg. Understandably, most media coverage of his new book the aig story. With reeve brenner, hank greenberg, walter matthau, alan m. May 09, 20 hank greenberg, the former head of insurance giant aig, is both a controversial and monumental figure in the business world. Hank greenberg, starr international, and the mystery of the. His new book, the aig story, chronicles the rise and growth of aig, including the fall and bailout in 2008. Hank greenberg, byname of henry benjamin greenberg, also called hammerin hank, born january 1, 1911, bronx, new york, u. An interview with former aig ceo hank greenberg the motley fool.
Chief executive officer maurice hank greenberg admitted to taking part in two deals to make the insurers financial condition look better than it was. May 15, 20 february 10, 2017 greenberg and the new york attorney generals office reach a settlement in the 2005 civil fraud lawsuit. It takes place mostly in the poor parts of new york and detroit. Jun 02, 2016 former aig chief hank greenberg must stand trial for fraud, n. Maurice raymond hank greenberg born may 4, 1925 is an american business executive and former chairman and chief executive officer of american international group aig, which was the worlds 18th largest public company and the largest insurance and financial services corporation in history he is currently chairman and chief executive officer of c. The hero of heroes rosengren pens a textured taleof henry greenberg, the moses of baseball. Greenberg was a chairman and ceo for the american international group with 11 videos in the cspan video library.
Former aig chief hank greenberg must stand trial for fraud, n. Jan 09, 20 a lot of people are wondering what to think about the news that the board of aig is considering joining the lawsuit filed by former aig head maurice hank greenberg against the fed and the u. Greenberg and lawrence cunningham wrote the aig story. Its aigs 100th birthday celebration and 93yearold hank.
Greenberg and what he calls a band of brothersbuck freeman, jimmy manton, john roberts, ernie stempelbuilt aig by forging. It is a memoir about hank greenberg who was the first jewish baseball player to be inducted into the hall of fame. Facing an accounting scandal, with accusations that aig had boosted reserves through a sham reinsurance deal, and under pressure from then new york attorney general eliot spitzer, the board concluded that the then. They regale readers with riveting vignettes of how aig. He had two brothers, ben, four years older, and joe, five years younger, who also played baseball, and a sister, lillian, two years older. N, which was rescued by a federal bailout, has agreed to sell his nearly 12. Introduction the rise and fall of american international group aig is synonymous with the.
Feb 19, 20 selected as one of motley fool s 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to 2005 and gw professor and corporate governance expert lawrence cunningham chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. The twoway the decision by new york states court of appeals is a victory for state officials, who filed charges. The life and career of hank greenberg, the first major jewish baseball star in the major leagues. Well hank, thank you for coming by and talking about your book, the aig story, and a heck of a story it is. Greenberg, the often combative former chief executive of american international group, began a news media counteroffensive on monday to repair his legacy days after the bruising end to. The book is worth reading, but what you are getting here is court history the history as approved by the king. Before we get to the bank itself, youfive years ago when you were 82. Maurice hank greenberg, the former head of american international group, inc. Aigs former ceo hank greenberg in his park avenue office.
Ron shelp in his most excellent book on aig s history, growth, parting with hank greenberg and nationalisation to save collapse, sums up thus all hank greenberg wanted was an unfair advantage by shaping and, at times bending the rules. Greenberg who built aig into one of the biggest insurers in the united states, and is still the chairman and ceo of c. However, i found reading part 2 very difficult to read, as i had to read about the almost maniacal antics of a new york state politician by the name of elliot. Feb 10, 2017 hank greenberg, former aig chairman, must stand trial, court rules greenberg is currently the chairman and ceo of c. Selected as one of motley fools 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to. In fallen giant, author ron shelpwho worked within the aig organization for more than a decadesheds light on aig, the company, and hank greenberg, the man. Greenberg s admission is part of a settlement of the highprofile fraud suit brought in 2005 by thenattorney general eliot spitzer. Disbelief consumed the insurance world when the board of american international group aig forced out hank greenberg in march 2005. Mar 21, 20 part 1 of 2 steve forbes interviews former aig chief maurice r.
Jan 29, 20 in his new book, the aig story, the man who ran the worlds largest insurer, maurice hank greenberg settles scores with the u. The pugnacious former ceo told congress that their bailout plan for aig was a failure and that the companys implosion wasnt his fault in the first place. In his new book, the aig story, the man who ran the worlds largest insurer, maurice hank greenberg settles scores with the u. Greenberg about building the largest insurer in the history of mankind, and delves into his.
Jun 19, 20 but the mismanagement of american international group inc nyse. Geithner feuds with greenberg over book in aig bailout suit. The amazing story of hank greenberg and the history. Hank greenberg admits to aig sham and settles fraud suit. Hank greenberg still in the ring at 90, battling a. Maurice raymond hank greenberg born may 4, 1925 is an american business executive. In another blow to aigs 92year old former ceo, a federal appeals court on tuesday threw out an earlier ruling that the. Greenberg, thank you for taking the time to talk to us today. Aug 31, 2009 ron shelp in his most excellent book on aig s history, growth, parting with hank greenberg and nationalisation to save collapse, sums up thus all hank greenberg wanted was an unfair advantage by shaping and, at times bending the rules.
Greenberg, chairman and ceo, starr insurance holdings, inc. Greenbergs admission is part of a settlement of the highprofile fraud suit brought in 2005 by thenattorney general eliot spitzer. Join japan society for a discussion about the new book the aig story. Hank greenberg, the former head of insurance giant aig, is both a controversial and monumental figure in the business world. The problem with this book, cowritten by 87yearold greenberg and. The aig story wiley online books wiley online library. Hank greenberg, former aig ceo, admits culpability in. Hankus spankus, the home run king and hall of famer. Selected as one of motley fools 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to 2005 and gw professor and corporate governance expert lawrence cunningham chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. Greenbergs career is chronicled in the 2006 book fallen giant. Hank greenberg, aigs chief executive one engine later restarted, ending the. Selected as one of motley fool s 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to 2005 and gw professor and corporate governance expert lawrence cunningham chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. Feb 10, 2017 maurice hank greenberg, the former chief executive of american international group aig, is admitting to fraud under a settlement of a longrunning lawsuit against the insurance giant. Aig in the greenberg era and the time thereafter did deserve to be punished with chapter 11, not coddled with a bailout and tax incentives.
Selected as one of motley fools 5 great books you should read in the aig story, the companys longterm ceo hank greenberg 1967 to 2005 and gw. Ron shelp in his most excellent book on aigs history, growth, parting with hank greenberg and nationalisation to save collapse, sums up thus all hank greenberg wanted was an unfair advantage by shaping and, at times bending the rules. Hank greenberg is challenging the governments crisisera bailout of american international group, the company he built into a global financialservices powerhouse. They regale readers with riveting vignettes of how aig grew from a modest. Ethan harvey do you adore baseball and love inspiring stories. And in his spare time, he cowrote a book, the aig story, published in 20. Larry tye, new york times bestselling author of satchel. He is also mentioned in the book all the devils are here. Hank greenberg was born hyman greenberg on january 1, 1911, in greenwich village, new york city, to romanianborn jewish immigrant parents david and sarah greenberg, who owned a successful clothshrinking plant in new york.
An epic told by the man at its centre financial times. May 27, 2015 greenbergs own book gets biblical when it says his wrath befell those who delayed or deceived. Through indepth research, candid interviews, and firsthand experiences, shelp provides a detailed look at how aig was originally created and reveals how greenberg s unrelenting drive to be the best may have led to. In 1962 greenberg was named by aigs founder, cornelius vander starr, as the head of aigs north. The amazing story of hank greenberg and the history of aig. The life and times of an american legend the best and most important biography ever written about. Greenberg admits aiding in fraudulent deals in aig settlement.