AIG's Liddy announces plan to step down

American International Group (AIG) announced today that its chairman and CEO, Edward Liddy, will step down and he has recommended a separation of the...

American International Group (AIG) announced today that its chairman and CEO, Edward Liddy, will step down and he has recommended a separation of the roles. (The board agrees with Liddy's recommendation.) The company also announced six nominations for director earlier this week, which will be decided at the company's annual shareholder meeting to be held June 30. This promises to add to the list of shareholder meetings that have spawned big business news in the past month.

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