Edward Liddy

WATCH: CEO Of Bailed-Out AIG Calls For Self-Regulation

The Huffington Post | James Sunshine | Posted 08.23.2011

Read More: Tarp, Goldman Sachs, 2008 Financial Crisis, Video, Hank Paulson, Dodd-Frank, Cnn, Wall Street Reform, AIG Bailout, Alan Greenspan, Edward Liddy, Robert Benmosche, Business News

In the aftermath of the financial crisis, American International Group was bailed out by the federal government. But evidently, that truth hasn't stop...

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AIG Reportedly Hatches Plan To Repay Taxpayers

Huffington Post | William Alden | Posted 05.25.2011

Read More: AIG TARP, AIG Asset Sales, AIG Taxpayers, AIG Bailout, Aig, American International Group, Nan Shan, Edward Liddy, Robert Benmosche, Business News

Two years after it received at least $180 billion in bailouts, of which $120 billion is still outstanding, American International Group has reportedly...

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The American Nightmare

Rob Fishman | Posted 05.25.2011

Read More: Liar's Poker, Middle Class Economy, Wall Street, Ragged Dick, American Dream, The Epic of America, Middle Class, Aig, Michael Lewis, Edward Liddy, Meritocracy, Business News

Of all the misdeeds carried out on the southern tip of Manhattan over the last decade, perhaps Wall Street's greatest fraud was to arrogate the very meaning of the American Dream.

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AIG CEO Benmosche's $7 Million Pay Package Approved

Posted 05.25.2011

Read More: Aig, Kenneth Feinberg, Edward Liddy, Robert Benmosche, Business News

NEW YORK (AP) -- American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Ben...

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WSJ: AIG CEO Ready To Quit Over Pay Constraints

Huffington Post/AP | Posted 05.25.2011

Read More: Geithner, Regulation, Credit Default Swaps, Obama, White House, Bailout, Insurance, Treasury, Benmosche, Wall Street, Robert Benmosche, New York, AIG Bailout, House, Kenneth Feinberg, Financial Reform, Aig, Metlife, Capitalism, Tim Geithner, Financial Regulation, Executive Compensation, Liddy, Barack Obama, Banks, Socialism, Bonuses, Ken Feinberg, Executive Pay, Edward Liddy, Senate, Business News

NEW YORK — After just three months as head of battered insurer American International Group, Robert Benmosche has threatened to leave his post a...

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51 Minutes and No Shoes Thrown: A Shareholder's Account of the 2009 AIG Conference

Ellen Sledge | Posted 05.25.2011

Read More: Financial Crisis, AIG Shareholders Meeting, Aig, Edward Liddy, AIG Shareholders, Ee, Business News

Liddy told shareholders he didn't want to spend his retirement watching over AIG. But for retirees who lost their money at AIG, working at WalMart isn't how they wanted to spend their retirement, either.

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AIG CEO Liddy To Step Down Once Replacements Found

AP | EILEEN AJ CONNELLY | Posted 05.25.2011

Read More: Aig, AIG CEO, Edward Liddy, Edward Liddy CEO, Business News

NEW YORK — American International Group Inc. on Thursday said the chairman and chief executive hand-picked to lead the company when it was rescu...

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Liddy Unsure If AIG Wrote Credit Default Swaps on GM, Chrysler Debt

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: General Motors, Chrysler, Ed Liddy, AIG Bailout, Aig, Credit Default Swaps, American International Group, Edward Liddy, Video, Business News

Edward Liddy, chairman of American International Group, told a congressional oversight panel Wednesday that he did not know if AIG had issued credit d...

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AIG Questioned Over Plan To Sell Assets

AP | Posted 05.25.2011

Read More: Aig, AIG Assets, Edward Liddy, Aig Hearing, Business News

WASHINGTON — The government-installed head of AIG is telling Congress the insurance giant is selling many of its foreign assets to repay U.S. ta...

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Officials Knew Of AIG Bonuses Months Before Scandal

Washington Post | David Cho and Brady Dennis | Posted 05.25.2011

Read More: Aig Bonus Scandal, Bailout Bandits, Bank Bailouts, Aig Bonuses, Federal Reserve Bank of New York, Aig, Financial Crisis, Edward Liddy, Politics News

As American International Group chief executive Edward M. Liddy returns to Washington to face Congress today, new details are emerging about how long ...

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AIG CEO To Fight Criticism Of Employees

Reuters | Posted 05.25.2011

Read More: AIG CEO to Fight Criticism, AIG Bailout, AIG Liddy, AIG CEO, Edward Liddy, Business News

American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the ...

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AIG Expects Long Restructuring Process

Reuters | Posted 05.25.2011

Read More: AIG Bailout, Aig, AIG Memo, Edward Liddy, AIG Government, Aig Restructuring, Business News

American International Group Inc (AIG) and the U.S. government expect a multi-year restructuring of the insurer, the Wall Street Journal said, citing ...

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Liddy Letter: AIG Plans To Award Bonuses Even If Taken Over By US

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Edward Liddy Bonus Letter, AIG CEO, Bailout Bandits, Bank Bailouts, Aig Secret Bonus Letter, Aig Ceo Bonus Letter, Aig, Financial Crisis, Edward Liddy, Aig Bonus Letter, Sec Filings Aig Bonuses, Politics News

Even if the U.S. government were to entirely take over American International Group, company executives would still be able to collect bonuses at taxp...

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Bernie Madoff, Scapegoat

Michael Moore | Posted 05.25.2011

Instead of putting those responsible for the financial crisis in jail, why did we give them huge sums of our hard-earned tax dollars. Bernard Madoff is nothing more than the scab on the wound.

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AIG Discloses Payments To Its $1-A-Year Chief

New York Times | Posted 05.25.2011

Read More: CEO Liddy, AIG's Liddy, Ed Liddy, Edward Liddy, AIG CEO, AIG Compensation, Liddy Compensation, Business News

The American International Group disclosed Thursday that it paid its dollar-a-year chief executive, Edward M. Liddy, compensation worth about $460,000...

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My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and Future

Arianna Huffington | Posted 05.25.2011

Read More: Executive Pay, Goldman Sachs, Financial Crisis, Global Financial Crisis, Edward Liddy, Executive Bonuses, Bonuses, Goldman Sachs Profits, Credit Markets, Goldman Profits, Pension Funds, Ben Bernanke, Business News

With my younger daughter away, I was looking forward to a quiet night in, curled up in bed with a few dozen pieces on the financial crisis I'd cut out from newspapers and magazines. But instead of reading a few and nodding off, I ended up staying up most of the night, getting more and more outraged with each article I read. These days, the business section is not for the faint of heart. READ MORE The Torture Moment The way we respond to the revelations about the Bush administration's use of torture will define the kind of country we are. It is a test of our courage and our convictions. So far, the media are not getting high marks. They can't seem to shake their addiction to looking at every issue through the archaic prism of right vs. left. READ MORE

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AIG Chief Owns Goldman Stake Worth More Than $3 Million

New York Times | MARY WILLIAMS WALSH | Posted 05.25.2011

Read More: Liddy $3 Million, AIG's Liddy, Liddy AIG, Liddy Goldman Sachs, Ed Liddy, Liddy's Goldman Sachs Stake, AIG Liddy, Edward Liddy, Business News

Edward M. Liddy, the dollar-a-year chief executive leading the American International Group since its bailout last fall, still owns a significant stak...

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Who Are the Best and the Brightest?

B. Jeffrey Madoff | Posted 05.25.2011

Read More: Merrill Lynch, John Thain, Kennedy, Collaterized Debt Obligations, Aig, Vietnam, Harvard, Cancer, The Best and the Brightest, Health Care, Wall Street Bonuses, Edward Liddy, Business News

If these people were "the best and the brightest," why did the financial crisis happen?

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Liddy's Goldman Sachs Stake Totals $3 Million

Washington Examiner | Timothy P. Carney | Posted 05.25.2011

Read More: Edward Liddy Goldman Sachs, Edward Liddy AIG, Aig Edward Liddy, Edward Liddy, Goldman Sachs Edward Liddy, Business News

Edward Liddy, CEO of government-run AIG, still owns more than $3 million of stock in Goldman Sachs, which has pocketed $13 billion or more of the $170...

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5 CEOs Obama Should Fire

Casey Gane-McCalla | Posted 05.25.2011

Read More: Aig, Smith and Wesson, Barack Obama, Exxon Mobil, Halliburton, Rex Tillerson, CEO Pay, Clear Channel, Michael Golden, Dave Lesar, Mark Mays, Ceos, CEO Compensation, Edward Liddy, Citigroup, Business News

Obama pressured GM CEO, Rick Wagoner to step down; here are five other CEOs he should consider firing.

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Yelling From the Back Step

B. Jeffrey Madoff | Posted 05.25.2011

Read More: Savings and Loan Industry, Merrill Lynch, AIG Bonus, Fdic, Chrysler, Blackwater, Chocolate, Economy, Enron, Toxic Assets, Aig, Aiu, Economic Recovery, Economic Stimulus, Socialism, Edward Liddy, Altria Group, Business News

"Toxic assets" are two words that don't belong together in the English language. The meaning of one cancels out the meaning of the other.

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Why I Have No Sympathy for Jake DeSantis

Mitchell Bard | Posted 05.25.2011

Read More: Bank Rescue Plan, 60 Minutes, Aig Outrage, Aig Bonuses, New York Times, Financial Crisis, Timothy Geithner, A.I.G., Real Estate Bubble, Op-Ed, Jake DeSantis, Barack Obama, Edward Liddy, Aig Resignation, Aig Resigns, AIG and TARP, Resignation Letter Aig, Ed Liddy, Jake Desantis Aig, Jake De Santis, Jake Desantis Letter, AIG NY Times Resignation Letter, Jake Desantis Resignation Letter, AIG CEO, Aig, AIG Resignation Letter, Business News

You would think that those who created the financial mess would have some humility. But you would be wrong. DeSantis's letter is just one example.

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Don't Kill the Lawyers -- Yet

Tanya M. Acker | Posted 05.25.2011

Read More: AIG Litigation, Courts, Edward Liddy, Litigation, Business News

We would all do well to remember that litigation, powerful sword that it is, should be a tool of last resort.

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AIG and the Rest of the Looters

Rick Horowitz | Posted 05.25.2011

What if the regulators were better rewarded for their efforts? Much better rewarded? What if they could keep some hefty percentage of the proceeds of every scam they uncovered, every scheme they shut down?

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AIU Holdings: AIG Creates New Name To Avoid PR Disaster

Huffington Post | Stuart Whatley | Posted 05.25.2011

Read More: Edward Liddy AIG, Aig Bonuses, AIG Bailout, Aig, AIU Holdings, AIU Holdings Ltd., Edward Liddy, AIG Scandal, Aiu, Bonus Outrage, Business News

Following up Ryan Grim's report from Congress last week that AIG chief Edward Liddy was looking to change the company's "thoroughly wounded and disgra...

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