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AIG Chief Owns Goldman Stake Worth More Than $3 Million

First Posted: 05/17/09 06:12 AM ET Updated: 05/25/11 02:15 PM ET

Liddy

New York Times:

Edward M. Liddy, the dollar-a-year chief executive leading the American International Group since its bailout last fall, still owns a significant stake in Goldman Sachs, one of the insurer's trading partners that was made whole by the government bailout of A.I.G.

Mr. Liddy earned most of his holdings in Goldman, worth more than $3 million total, as compensation for serving on the bank's board and its audit committee until he stepped down in September to take the job at A.I.G. He moved to A.I.G. at the request of Henry M. Paulson Jr., then the Treasury secretary and a former Goldman director.

Read the whole story: New York Times

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Filed by Marcus Baram  |