Liddy cries off meeting with critical Representative
American International Group (AIG) chief executive Edward Liddy has pulled out of a meeting with highly critical US Representative Elijah Cummings, asking for more time, Reuters reports.
"Given the breadth of your inquiries to date, and our parallel commitment to make certain we provide you with thorough answers ... it is in everyone's best interest to re-schedule the meeting that is on the calendar for tomorrow, December 18," Liddy wrote in a letter dated Dec. 17 that was seen by Reuters.
In a return letter to Liddy on Thursday, Cummings said AIG's last-minute postponement was "stonewalling" and similar to "stall tactics" he had seen others make to Congress.
"Please rest assured that neither I nor my colleagues in Congress will relent until we get answers ... and until we have full transparency into the operations of your company," said Cummings.
Cummings argues that with so much taxpayer money at stake, AIG has no right to pay any type of bonus to staff, and has called for Liddy's to be removed.
