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Liddy to Leave AIG

By John Johnson,  Newser Staff

Posted May 21, 2009 4:28 PM CDT

(Newser) – AIG chief Edward Liddy is stepping down after eight months on the job, the Wall Street Journal reports. The government appointed Liddy chairman and CEO last fall after the feds bailed out the insurance giant. Liddy recommended splitting the job into two roles and will remain until his replacements are chosen. AIG's problems occurred well before Liddy's watch, but he took plenty of heat over AIG bonuses this year.

Liddy has set up a plan to sell AIG's operating units to pay back the $180 billion it owes the government, but he acknowledged it's been slow going. “It is likely to take several years,” he said. “AIG. should have a leadership team committed to a similar time horizon and prepared to carry the plan to completion.”

AIG chief Edward Liddy, in a March file photo.
AIG chief Edward Liddy, in a March file photo.   (AP Photo/Susan Walsh, file)
AIG chief Edward Liddy in May.
AIG chief Edward Liddy in May.   (AP Photo/Susan Walsh)
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COMMENTS
Showing 2 of 2 comments
Robert_Dada
May 23, 2009 12:31 PM CDT
You shouldn't be so focused on point accumulation. Make your comments are articles you really have an opinion about and leave it at that. It's not like prizes will be awarded.
kokuaguy
May 22, 2009 6:52 AM CDT
Obviously, I won't piss off too many folks for posting my question/comment du jour here. So why is it that the following Newser users consistently have the highest numbers of points but one never sees a comment posted by them: Ryan; Riazhahman; jemikeos; C_J ? Just curious about this. If they are getting their points by anonymously viewing it seems that perhaps there should be some way to earn points by putting comments on the pages as so many of us do.

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