COMPANIES Edward Liddy, the insurance industry veteran who came out of retirement to run AIG for $1 a year, came to Washington on Wednesday amid a political firestorm over the $170m in bonuses paid to executives who worked in the group’s financial products business.
Mr Liddy came armed with an olive branch, telling members of the House subcommittee on capital markets that he had asked employees earning $100,000 or more to return at least half their bonuses. Some had already agreed to give back all the money, he said.
