edward liddy

Just over a year after the federal government bailed out American International Group (AIG), a congressional study released today says it's "unclear" that the troubled insurer will be able to repay the money it received from the Fed and Treasury Department. Likely boosting those odds, Rep....

When the going gets tough, the tough get going. That's true in life and in troubled corporations, such as American International Group Inc. (AIG). Only three out of the 11 directors who oversaw the New York-based company as it began its death spiral remain on the board following yesterday's...

The following post rounds up the companies making headlines today: American International Group (AIG) Chairman and CEO Edward Liddy announced late Thursday that he plans to depart the company once the insurer's board of directors finds a replacement. It also proposed a 1-for-20 reverse stock...

American International Group (AIG) CEO Edward Liddy is speaking before the House Oversight and Government Reform Committee today, discussing the company's status. According to reports, Liddy told the group that the company has reduced, but not eliminated, the risk its failure could pose to the...

It is often said the the President of the United States is the de facto leader of the world. If that's true, then world leadership has its limits. I am not going to list all the limits of the U.S. President's power here -- just President Barack Obama's inability to halt the use of taxpayer money to...

Whenever a CEO wants to convince shareholders and the media that they care about their long-suffering workers, all they have to do is slash their hefty salaries to $1. It does not seem to do much good because the executives who have taken such pay cuts already are fabulously wealthy, so money is...

Think taxpayers are angry at Wall Street? People in the U.K. may be angrier. Vandals attacked the Edinburgh home of Sir Fred Goodwin, who built the Royal Bank of Scotland (RBS) into the fifth-largest bank by market capitalization, only to watch it evaporate as the government was forced to bail it...

Emboldened by taxpayers' outrage over the bonuses at American International Group (AIG), the Obama administration is proposing to get tough with Wall Street. Speaking before the Council on Foreign Relations in New York, Treasury Secretary Timothy Geithner said the administration plans to in the...