SOCIAL SCIENCES

Good for the Money: My Fight To Pay Back America

with others. St. Martin's. Apr. 2016. 288p. ISBN 9781250072184. $27.99; ebk. ISBN 9781466883574. BUS
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Benmosche was named CEO of AIG (American International Group) after the subprime mortgage calamity. AIG had received a $182 billion bailout from the federal government. From Benmosche's first day with the company in 2009, his goal was to defy the odds and pay back America in full. He didn't expect, however, to be diagnosed with lung cancer in 2010. Benmosche's journey to CEO was unconventional, but his experience in top positions at companies such as MetLife (he was chief executive when it went public) made him the man to put AIG on the right track. With coauthors Peter Marks (critic, Washington Post) and Valerie Hendy (senior director, internal communications and corporate social responsibility, AIG), he shares life lessons in language that is salty and down to earth. These include always telling the truth, playing the hand dealt you, remembering your core values, and having enough money tucked away that you can walk away if need be. He does his best to explain the convoluted problems of derivatives, recapitalization, and other economic complexities that led to AIG's downfall and its rise from the ashes. The author died in 2015—four years beyond his original prognosis.
VERDICT For readers who enjoy biographies of men in business and what makes them tick and who don't mind the occasional four-letter expletive.
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