American International Group Inc. (NYSE: AIG) will release the Company's second quarter financial results without a conference call Friday as CEO Edward Liddy prepares to step down.
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AIG, which is scheduled to report earnings before the start of New York trading, will skip the presentation and question-and-answer session that accompanied results in the past, said spokeswoman Christina Pretto in an interview to Bloomberg.
Liddy and predecessors Robert Willumstad, Martin Sullivan and Maurice “Hank” Greenberg held regular conference calls to give statements on AIG’s performance and respond to analyst and shareholders’ questions. Quarterly conference calls are a very common trend for publicly traded companies.
Liddy’s successor, Robert Benmosche, replaces him on August 10. Benmosche was chairman and CEO of MetLife Inc. (NYSE: MET), the largest
AIG was rescued by the
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