Liddy On The Hot Seat

To paraphraseRicky Ricardo’srepeated warning tohis wacky but lovable spouse in “I Love Lucy,” AIG CEO Ed Liddy will have “a lot of ‘esplaining’ to do” when he is dragged before Congress once again on May 13, not only about his company’s continuing struggles, but about his own perks.

In case you missed our recent news coverage, Mr. Liddy has agreed (supposedly under the threat of a subpoena) to be grilled before the House Oversight and Government Reform Committee, after postponing his scheduled May 6 appearance because AIG’s first-quarter earnings report (revealing a net loss of $4.35 billion) was due the next day.