In the end, Maurice Greenberg, who over four decades built one of the world's largest global insurance companies and became an industry icon from Shanghai to New York, was dragged down by the same defiance that had made him so successful. Over 17 years, Greenberg inched American International Group (AIG) into China, even as critics said he would never open that market. Today China is one of AIG's most promising regions. Yet Greenberg's success was accompanied by arrogance. He thought nothing of dressing down an analyst who asked tough questions, and when AIG came under siege early this year--accused of questionable...
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