Professor Cunningham's Latest Scholarship

Corporate Law and Contracts Expert Publishes Three Books in Past Year

Henry St. George Tucker III Research Professor of Law Lawrence A. Cunningham teaches contracts, corporations, and law and accounting. He is the author of Introductory Accounting, Finance and Auditing for Lawyers, co-editor of Corporations and Other Business Organizations, and, from 1993 to 2001, was co-editor of the treatise, Corbin on Contracts. He has written nearly 50 articles law journal articles, several editorials, and books including these three published in the past year:

The Essays of Warren Buffet: Lessons for Corporate America (Third Edition
(Carolina Academic Press, March, 2013)

In the third edition of this international best seller, GW Law Professor Lawrence Cunningham brings you the latest wisdom from Warren Buffett's annual letters to Berkshire Hathaway shareholders.

The Essays of Warren Buffet in the News

Corporate Counsel's "Inside Track with Broc" . April 8, 2013
Podcast: Professor Lawrence Cunningham discuss the third edition of his "The Essays of Warren Buffett: Lessons for Corporate America," answering questions like, What are some of the venerable principles of corporate governance that reappear in this edition?, What's new for Warren concerning corporate governance?, and Who does Warren think was responsible for the financial crisis and how has responsibility been apportioned?

Motley Fool . April 8, 2013
Buck Hartzell: Recently, I had the pleasure of talking with Lawrence Cunningham, esteemed professor of law at George Washington University. Professor Cunningham has written numerous books about investing and business, including one of my all-time favorites, The Essays of Warren Buffett: Lessons for Corporate America. His latest work, a collaboration with former AIG CEO Maurice Greenberg, is titled The AIG Story. Cunningham's classic on Buffett is a seminal text here at The Motley Fool, so that was the main focus of our discussion (full transcript).

Value Walk . March 14, 2013
Larry Cunningham tells the story of how the legal conference he conceived and hosted evolved into The Essays of Warren Buffet.


"Larry Cunningham has done a great job collating our philosophy. First class."
- Warren  Buffett

"One of the top investment books of all time."
- The Motley Fool

"Two thumbs up."

"The book on Buffett. A superb job."
- Forbes

- Money

"A classic on value investing and the definitive source on Buffett."
- Financial Times

One of "the smartest books we know."
- Fortune

"Recommended reading for the President of the United States and everyone else, not only corporate executives."
- Joe Nocera, The New York Times

To read more about the book, please visit

The AIG Story
(Wiley Publishing, January, 2013)

From the Authors:

In The AIG Story, the company's long-term CEO Hank Greenberg (1967 to 2005) and corporate governance expert GW Law Professor Lawrence Cunningham chronicle the origins of the company and its relentless pioneering of open markets everywhere in the world. They regale readers with riveting vignettes of how AIG grew from a modest group of insurance enterprises in 1970 to the largest insurance company in world history. They illustrate AIG's distinctive entrepreneurial culture and how its outstanding employees worldwide helped pave the road to globalization.

The AIG Story captures an impressive saga in business history—one of innovation, vision and leadership at a company that was almost destroyed with a few strokes of governmental pens. The AIG Story carries important lessons and implications for the U.S., especially its role in international affairs, its approach to business, its legal system and its handling of financial crises.

To read more about the book, please visit


"A fascinating company history and account of how, after Greenberg's ouster in 2005, AIG made disastrous mortgage bets that drove it into the arms of the feds."
- The Wall Street Journal

"Given the hysterics that have surrounded AIG, taxpayers would be forgiven for being misinformed about how much AIG has helped them."
- The Washington Post

"Explosive. A slice of history."
- Bloomberg TV

"An engrossing tale."
- Maria Bartiromo, NBC

"An important book."
- Henry Kissinger

"A riveting presentation."
- Ken Langone, former director of the New York Stock Exchange

"An amazing story."
- John Whitehead

"Intelligent and fast-moving."
- Jeffrey Sonnenfeld, Yale University

"A must-read on the development of the global economy."
- Pete Peterson

"Did the U.S. government break the law when it seized control of American International Group (AIG) during the financial crisis of 2008? In "The AIG Story," the man who built the giant insurer says that the answer is yes and explains his reasoning. Former AIG chief executive Maurice R. "Hank" Greenberg—along with his co-author, Lawrence A. Cunningham—also offers a fascinating company history and an account of how, after Mr. Greenberg's ouster in 2005, AIG made the disastrous mortgage bets that drove it into the arms of the feds."
- James Freeman, WSJ "Bookshelf" 

"A useful contribution to the ongoing shaping of the story of the recent financial crisis. The authors examine Greenberg's career building the biggest insurance company in the world. A Korean War veteran, Greenberg brought Western insurance products to the Soviet Union and Eastern Europe, helped open China to Western finance, and provided indispensable, sometimes covert, services to the U.S. government."
- Kirkus Reviews

The AIG Story in the News

The New York Post  .  January 26, 2013
Goldman, Gov 'Rolled AIG': Conspiracy to Pay Sachs: Greenberg

CNBC  .  January 29, 2013
The AIG Story: Hank Greenberg's New Tell-All Book

The Wall Street Journal  .  February 5, 2013
Insurer to the World
In the 1960s, AIG insured a CIA mission to retrieve a sunken Soviet submarine from the floor of the Pacific Ocean.

The National Interest . February 28, 2013
The Rise and Fall of AIG

Contracts in the Real World: Stories of Popular Contracts and Why They Matter
(Cambridge University Press, April, 2012)

Contracts, the foundation of economic activity, are both vital and misunderstood. Professor Lawrence A. Cunningham's book corrects the misunderstandings through a series of engaging stories involving such diverse individuals as Martin Luther King, Maya Angelou, Clive Cussler, Lady Gaga, and Donald Trump. Capturing the essentials of this subject, Contracts in the Real World explores recurring issues people face in contracting. It shows how age-old precedents and wisdom still apply today and how contract law's inherent dynamism cautions against exuberant reforms. The book will appeal to the general reader and specialists in the field alike, and to both teachers and students of contracts.


"In Lawrence Cunningham's engaging new book, Contracts in the Real World, old chestnuts, the foibles of contemporary celebrities and holes-in-one are delivered with flair and without legalese. The neophyte will be informed by this fun book. I am sure Professor Kingsfield would enjoy it much as I did."
- Joseph M. Perillo, Distinguished Professor of Law Fordham Law School

"The stories are fascinating, the issues are important, and the explanations are compelling. Lawrence Cunningham has written a splendid book."
- Steven Lubet, Williams Memorial Professor of Law, Northwestern University School of Law

"This book will be a fascinating reading for teachers, students, and indeed for anyone with an interest in contracting generally. It runs the gamut from Lady Duff-Gordon to Lady Gaga, and taught me things I didn't know about cases I thought I knew well, as well as telling me about cases I had never heard of -- while at the same time weaving a pattern of the common law of contract. An unusual and rewarding book."
- Charles L. Knapp, Joseph W. Cotchett Distinguished Professor of Law, UC Hastings College of the Law