Jeffrey Cane

Jeffrey Cane’s Profile

Liddy’s Legacy

May 21, 2009

No doubt tired of being a human pinata for lawmakers and others angry over the implosion of the financial system, Edward Liddy has announced that he will step down as both chief executive and chairman of American International Group once the board finds a replacement.  (Or that should be replacements, as he has recommended splitting the jobs of C.E.O. and chairman.) The tenure of Liddy, who took charge after the September government bailout,  will be seen as a curious one.  He needed to lead the company away from the brink while defending it from fierce criticism  – of the bonuses and the fancy events for independent agents — that at times bordered on the irrational.  Until recently, a mob mentality had seized the nation, kicking a company that was down. And that is the one surprising thing about Liddy’s tenure. For someone who led a large consumer company, Allstate, and who was on the board of a financial firm, Goldman Sachs, that has for the most part  managed to avoid crowds of angry demonstrators, Liddy seemed strangely tone deaf to the public mood. His counterarguments and appeals after each fresh disclosure often came across as the weary grumblings of an old man who didn’t understand what all the fuss was about.  To a deeply suspicious public,  making a case that rebuilding A.I.G.  was in the national interest was always going to be a difficult one. And Liddy was not a persuasive personality.  In many other respects, he may well have been the right choice to lead A.I.G., but this job also called for someone with a better command of crisis spin control.

Comments

Thanks for the sensible critique. Me and my neighbor were just preparing to do a little research about this. We got a grab a book from our local library but I think I learned more from this post. I am very glad to see such wonderful information being shared freely out there.

 

Kimree is a world-leading e-cigarette company. According to Frost & Sullivan, Kimree was the second largest e-cigarette designer and manufacturer in the world in terms of both revenues and production volume in 2013. The Company designs and produces a broad range of e-cigarette products, including disposable e-cigarettes, rechargeable e-cigarettes and e-cigarette accessories. Visit http://www.kimree.com/ for more.

 

Its fit 6 foot 2, 215 single lb. Rolle arrived on the scene suitably within this man’s way to the good qualities shortly in the aftermath of indeed as referred to as a third company practically the majority of north u. S citizens upcoming jr lakewood ranch year at status in 2008.

 

Do you mind if I quote a couple of your articles as long as I provide credit and sources back to your blog? My website is in the exact same niche as yours and my users would certainly benefit from some of the information you provide here. Please let me know if this okay with you. Cheers!

 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/