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AIG's Liddy to step down

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posted on May, 21 2009 @ 04:08 PM
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AIG's Liddy to step down


money.cnn.com

CEO and chairman Edward Liddy, who came under fire for the billions of bonuses the company paid out, will leave when a replacement is found.

Liddy, who serves as both chairman and CEO, was appointed by the Federal Reserve to head the company in September, after the troubled insurer received billions of dollars in federal aid.

"Much work remains to be done at AIG, but much has already been accomplished," Liddy said in a statement. "Our pace of success ... is likely to take several years. AIG should have a leadership team committed to a similar time horizon and prepared to carry the pla
(visit the link for the full news article)




posted on May, 21 2009 @ 04:08 PM
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I say good redence to bad trash. With these types of dirt bags passing out billions in bonuses with one hand while having the other in our pockets.

He should be drawn and quartered. Tarred and feathered this is so infuriating that a stupid smiley just wont do. Who is watching the shop? How do these things happen and allowed to go on? Isn't there one sane person in Washington anymore?



money.cnn.com
(visit the link for the full news article)

[edit on 21-5-2009 by SLAYER69]



posted on May, 21 2009 @ 04:36 PM
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Well I'm going to give this one bump. I thought people were more aware than this.
Oh well BUMP



posted on May, 21 2009 @ 05:11 PM
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reply to post by SLAYER69
 


Billions on bonuses and the loses that equals almost the same amount of the tax payer money that was given to them.

The media has been very quiet about this entity that has gotten most of the money from the TARP.

[edit on 21-5-2009 by marg6043]



posted on May, 21 2009 @ 07:09 PM
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reply to post by marg6043
 


Yeah I know basically we bailed out their bonuses.



posted on May, 21 2009 @ 07:31 PM
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reply to post by SLAYER69
 


Exactly, that is what we did, and should more people be out raged about this rapping of the hard working tax payer? hell yes they should be, but as usual nothing happen, and that is how the corrupted system of government we have has gotten away with so much.




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