New AIG CEO Liddy Speaks to CNBC, Plans to Release List of Assets to be Sold Within a Week
In an exclusive interview with CNBC this morning, newly appointed Chairman CEO Edward Liddy of American International Group Inc. (AIG) spoke with Maria Bartirimo and said that within a week to ten days a list of the company's assets to be sold will be released.
"I feel energized. I think I can help. I'd like to help this company. I'd like to help the country. I feel good about righting AIG and getting it moving forward" said Liddy when asked about taking over the management of the insurer.
When asked whether he will need the entire $85 billion loan the Federal Government pledged to AIG, Liddy stated that he hopes the company will not need all the money but feels that "we are clearly okay with $85 billion ...and our goal is to pay it back as quickly as possible."
Liddy stated that his priorities are to repay the loan quickly and to get a company that is smaller, more nimble. He hopes that within 10 days to be out there with a plan that lists everything that is for sale and hopefully begin to execute some of the sales.
Liddy stated that he will not tap into the core insurance business...this is "sacrosanct."
Published on September 22, 2008
Are you retail Agent Looking for a Quote?