A Response from AIG Blog Relations

In all fairness I thought this response from AIG deserved it's own post. I just wish they had proofread it first. :) Still, it's a reassuring answer as I did hear on the news today where they have canceled another retreat they were planning so I guess our outrage has been duly noted and that's a good thing.

"AIG Blog Relations has left a new comment on your post "The Debate and Other Random Thoughts...":

Earlier today, AIG announced an important policy change - one that we wanted to be sure you knew about.

A short time ago, our Chairman and CEO Ed Liddy said that he has ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs.

Given AIG's commitment to our customers, business partners, regulators, and American taxpayers, coupled with the new and very different challenges our company now faces, we take these responsibilities extremely seriously. Their trust is critical to our success. We recognize the need to be sensitive about all company expenditures.

As we move forward, we will continue our focus our efforts to pay back the $85 billion loan from the Federal Reserve Bank of New York as quickly as possible.



Posted by AIG Blog Relations to Prin's Links for Social Work Students at October 9, 2008 2:19 PM"