Fatal risk : a cautionary tale of AIG's corporate suicide

Author(s)
    • Boyd, Roddy
Bibliographic Information

Fatal risk : a cautionary tale of AIG's corporate suicide

Roddy Boyd

Wiley, c2011

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Includes bibliographical references and index

Description and Table of Contents

Description

Long-listed for the FT & Goldman Sachs Business Book of the Year Award 2011 The true story of how risk destroys, as told through the ongoing saga of AIG From the collapse of Bear Stearns and Lehman Brothers, the subject of the financial crisis has been well covered. However, the story central to the crisis-that of AIG-has until now remained largely untold. Fatal Risk: A Cautionary Tale of AIG's Corporate Suicide tells the inside story of what really went on inside AIG that caused it to choke on risk and nearly brining down the entire economic system. The book Reveals inside information available nowhere else, including the personal notes and records of key players such as the former Chairman of AIG, Hank Greenberg Takes readers behind the scenes at the U.S. Treasury and the Federal Reserve Bank of New York Details how an understanding of risk built AIG, but a disdain for government regulators led to a run-in with New York State Attorney General Eliot Spitzer Fatal Risk is the comprehensive and compelling true story of the company at the center of the financial storm and how it nearly caused the entire economic system to collapse.

Table of Contents

Cast of Characters ix Introduction 1 Chapter 1 The (Noncorrelated) Dream Team 7 Chapter 2 Who Dares, Wins 31 Chapter 3 The Man with the Plan 47 Chapter 4 Changes 77 Chapter 5 The Dirt Below 99 Chapter 6 War by Another Name 121 Chapter 7 The Kids Are Alright 149 Chapter 8 In the Shipping Business 181 Chapter 9 The Preservation Instinct 203 Chapter 10 The Down Staircase 235 Chapter 11 Midnight in September 251 Epilogue 291 Notes 313 Acknowledgments 335 Index 343

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