NU Online News Service, May 21, 4:43 p.m.EDT
American International Group Chairman and Chief ExecutiveOfficer Edward M. Liddy will leave the posts he took for $1 peryear just nine months ago as soon as the embattled firm can bringon board a pair of replacements.
The announcement was released today just after the stock marketclosed that Mr. Liddy–who has encountered tough criticism fromCongress of late–had told AIG's board of his intention to step downonce the company successfully concludes a search for tworeplacements, one for his CEO post and another to serve aschairman.
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