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Edward Liddy
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Latest Headlines
Fodder for Goldman Sachs conspiracy theorists
The New York Times reports that AIG CEO Edward Liddy, while receiving just $1 in salary, holds a $3 million stake in Goldman Sachs. Liddy built the position while working as a director; he was on the audit committee. He later took the CEO job at the behest of Goldman Sachs alum and then-Treasu
AIG CEO stands before Congress, offers olive branch
You know it's going to be a tough hearing when the committee head warns at the outset that he will have people arrested if there are any shenanigans. Indeed, tempers were flaring way before AIG CEO Edward Liddy appeared before a house subcommittee, whose members let him have it. One said that AIG
Showdown: Obama vs. AIG on bonuses
AIG's intention of paying $165 million in bonuses to executives--including those who ran the AIG Financial Products, the unit of the company that underwrote credit default swaps--isn't going over well. The payments were payable to executives by Sunday and were part of a larger planned payout value
What will Edward Liddy say on Wednesday?
AIG CEO Edward Liddy is being hauled out in front of the House capital markets subcommittee. No doubt they will grill him about the $165 million in bonuses AIG will payout, despite being 80 percent owned by the government and being on the receiving end of the $180 billion in bailout commitments. A
AIG vs. Geithner on bonuses
Treasury Secretary Tim Geithner called AIG CEO Edward Liddy last week and told him that the firm's plans to pay about $165 million in bonuses were unacceptable. According to the Washington Post , Liddy agreed to restructure the payouts but made a point not to nix them, despite the fact the gove
See the incredible shrinking CEOs
The Financial Times offers a neat applet that interactively notes how the top CEOs will fare given the new $500,000 pay cap. You can see CEOs shrink before your very eyes! The biggest losers seems to be Jamie Dimon, of JPMorgan Chase, and Lloyd Blankfein, of Goldman Sachs, who will see their t
Is the Cramer vs. AIG rift over?
Jim Cramer has offered an apology to AIG employees, reports the New York Post . "Sorry, regular AIG guys, I did not mean you," he said on his talk show. The apology follows an angry letter sent by new AIG CEO Edward Liddy, who's scoring points with his shell-shocked staff, in response to a prev
