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Anatomy of a turnaround

Rajiv Shirali 

GOOD FOR THE MONEY My Fight to Pay Back America Bob Benmosche (with Peter Marks and Valerie Hendy) St Martin's Press 270 pages; Rs 499 Bob Benmosche did not need the job of chief executive officer of American International Group, the insurer whose failed bets on the mortgage market in 2008 led to the largest-ever loss in its history, forcing the United States treasury department to bail it out through an emergency loan of $182 billion to prevent a wider Wall Street collapse. The former CEO of MetLife, who died of cancer in February 2015, had retired to Croatia's Adriatic coast ...

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Anatomy of a turnaround

The book describes how he achieved one of the most dramatic corporate turnarounds in US history, not only paying back the loan by the end of 2012, but also returning a profit of $22.7 billion GOOD FOR THE MONEY My Fight to Pay Back America Bob Benmosche (with Peter Marks and Valerie Hendy) St Martin's Press 270 pages; Rs 499 Bob Benmosche did not need the job of chief executive officer of American International Group, the insurer whose failed bets on the mortgage market in 2008 led to the largest-ever loss in its history, forcing the United States treasury department to bail it out through an emergency loan of $182 billion to prevent a wider Wall Street collapse. The former CEO of MetLife, who died of cancer in February 2015, had retired to Croatia's Adriatic coast ... image
Business Standard
177 22

Anatomy of a turnaround

GOOD FOR THE MONEY My Fight to Pay Back America Bob Benmosche (with Peter Marks and Valerie Hendy) St Martin's Press 270 pages; Rs 499 Bob Benmosche did not need the job of chief executive officer of American International Group, the insurer whose failed bets on the mortgage market in 2008 led to the largest-ever loss in its history, forcing the United States treasury department to bail it out through an emergency loan of $182 billion to prevent a wider Wall Street collapse. The former CEO of MetLife, who died of cancer in February 2015, had retired to Croatia's Adriatic coast ...

image
Business Standard
177 22