(Reuters) - American International Group Chief Executive Edward Liddy will speak out against criticism of the insurer's employees on Wednesday and talk about the company's future plans, the Wall Street Journal said.
Liddy will speak to a U.S. House oversight committee and ask for a better partnership with the government, according to the paper.
"Rampant, unwarranted criticism of AIG serves only to diminish the value of our businesses around the world," the paper quoted Liddy's prepared testimony.
The government has stepped forward three times as AIG's benefactor, committing some $180 billion in its efforts to rescue the insurer in exchange for an 80 percent stake. The government aid includes some $85 billion in loans that the insurer is trying to repay through divestitures.
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Monday, May 11, 2009
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