I am extremely concerned by recent media reports that AIG CEO Edward Liddy owns more than $3 million of stock in Goldman Sachs, which topped the list of companies that received billions of dollars in counterparty payments from AIG. Regardless of whether or not Mr. Liddy is acting in the best interest of AIG or of his stock in Goldman, even the appearance of conflict of interest is a reason for alarm.
Thursday, April 16, 2009
Rep. Cummings, Citing my Examiner Piece, Calls on AIG's Liddy to Resign
Rep. Elijah Cummings, D-Md., has renewed his call for AIG CEO Edward Liddy to resign. In a press release today, Cummings specifically refers to my column that revealed that Liddy still owned $3 million in Goldman Sachs stock.