Irate Congressman Demands Resignation of AIG CEO

A leading critic of AIG today demanded the company's CEO resign in the wake of the disclosure of yet another "junket" at a resort spa. In a letter to AIG's CEO Edward Liddy, Congressman Elijah Cummings (D-Md.) said the decision to hold an event for independent financial advisors last week at a luxury Phoenix resort was "outrageous" given an earlier pledge by Liddy to curtail such events. Cummings wrote that AIG can begin to restore its trust with Congress "by accepting your resignation from...Full Story
Commenting on this article is closed.