Insurer AIG says its chief executive, Edward Liddy, plans to step down after eight months in the job.
Mr Liddy was appointed after AIG’s near collapse and government bail-out in September, and his time in the job was expected to be temporary. His tenure at AIG was not easy. Bonuses paid to AIG executives caused widespread controversy.Mr Liddy, who was being paid a $1 annual salary, will leave the company when a replacement is found.
Liddy to quit AIG