NU Online News Service
WASHINGTON--American International Group Inc., responding to Congressional criticism of a lavish resort event staged just days after being bailed out by the federal government, said the function was for top independent agents, not company executives.
In a letter sent to Treasury Secretary Henry Paulson, Edward Liddy, AIG chairman and chief executive officer, said the event had been mischaracterized as an "executive retreat" during a hearing yesterday by the House Oversight and Government Reform Committee.
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