The new chief executive officer of American International Group said within 10 days or less he hopes to list some company units for sale and complete some transactions as the firm acts to pay off an $85 billion government bridge loan.
"I hope in the next seven to 10 days to be out there with a plan that lists everything that's for sale, and maybe even execute some of those transactions by then," said Edward Liddy in an interview with Maria Bartiromo on CNBC.
Mr. Liddy, who was CEO and chairman of Allstate until 2006, was appointed to succeed Robert Willumstad Thursday as part of the changes the Federal Reserve Board ordered in its decision to loan the New York-based insurance conglomerate up to $85 billion for up to two years to resolve its liquidity crisis.
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