As American International Group announced the sale of its Hartford Steam Boiler unit to Munich Re Group in a deal worth $742 million--$458 million less than the carrier paid for HSB back in 2000--AIG's top executive said nearly three-quarters of the company might have to be sold to repay its federal loan.

"We're the only company that's been helped by the federal government that has a plan to pay back every single penny that has either been loaned to us or invested in us," AIG Chairman and Chief Executive Officer Edward Liddy said in a Dec. 23 interview on CNBC's "Squawk Box."

"To do that, we have to sell 70 percent of our company," he added, noting that "about 75,000 of our employees will end up working for someone else."

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