American International Group Inc. announced last night that the company's new Chairman and Chief Executive Officer Edward M. Liddy will "provide an update on AIG's future direction" at an investors conference call on Oct. 3.
Mr. Liddy, since taking his post last week, has been holding a series of meetings with regulators, brokers and others with an interest in the company to reassure them of its ability to weather its current financial crisis.
This past Monday he said that by Sept. 29 or Oct. 2 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 the company was forced to obtain when it faced a liquidity crisis.
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