NU Online News Service, June 30, 3:57 p.m. EDT

NEW YORK--American International Group shareholders at the firm's annual meeting voted down a proposal to have executives hold shares in the company until two years after their employment ended.

At the same session AIG Chairman and Chief Executive Officer Edward Liddy said the company's financial situation is "far more stable" than it was a few months ago, and added the company has an "excellent chance" to repay the federal government loans.

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