Edward M. Liddy
| Ed Liddy | |
|---|---|
| Born |
Edward Michael Liddy January 28, 1946 New Brunswick, New Jersey |
| Education |
B.A. 1968 MBA 1972 |
| Alma mater |
Catholic University of America George Washington University |
| Occupation | CEO |
| Employer | AIG |
| Title | CEO and Chairman of AIG |
| Term | September 2008 – August 2009 |
| Predecessor | Robert B. Willumstad |
| Successor | Robert Benmosche |
| Board member of | 3M and The Kroger Company |
| Signature | |
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Edward Michael "Ed" Liddy (born January 28, 1946) was the chairman and chief executive officer of American International Group (AIG) from 2008 to 2009 during the late-2000s financial crisis.
Born in New Brunswick, New Jersey, Liddy was educated at the Trinity-Pawling School for Boys (Founder's League), located on the hills overlooking Pawling, New York. He graduated high school in 1964 from the Clearwater Central Catholic High School, along with its first graduating class of 27 students. At the time, he and his mother lived near downtown Clearwater, Florida. He holds a B. A. degree from The Catholic University of America (1968) and holds an MBA from George Washington University (1972).
Liddy worked for Ford Motor Company until 1981 when he joined Searle. From 1986 to 1988. Liddy was executive vice president of ADT, Inc. In 1988 he moved to Sears and then in 1994 to Allstate where he was chief operating officer until 1999 and chairman, chief executive officer and president until 2005.
Liddy was on the board of Goldman Sachs from 2003 to 2008, when he resigned to become CEO of AIG. He was selected by Henry Paulson for both roles.
Liddy became CEO of AIG in September 2008, succeeding Robert B. Willumstad. As CEO of AIG, Liddy received a salary of just $1, but also received $460,000 to cover "housing, travel, taxes and legal fees".
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