Run Time: 44:49
Greenberg’s View: AIG’s Rise and Near Fall, Spitzer’s Campaign, Financial Crisis
Maurice "Hank" Greenberg helped build American International Group into the world's largest insurer with a market value of $180 billion, forging relationships, opening markets and inventing products around the globe. All was well until 2005, when New York Attorney General Eliot Spitzer set his sights on Greenberg, forced him out of AIG early, and proceeded to nearly destroy the company in which Greenberg, now CEO of Starr Companies, remains a major shareholder. In this interview with Wells Media Group's Andy Simpson, Greenberg, shares business and political tales from his new book The AIG Story; his views on AIG, Spitzer and the financial crisis that led to the government owning 79% of AIG; and the principles that have guided him during his 60-year insurance career.