Thursday, October 09, 2008

spinsurance policy

It appears that the deservedly-maligned AIG is sending this mea culpa out to the A-list blogs. No, that's not this one. But, as posted by Atrios, here is what their corporate line is now:

Earlier today, AIG announced an important policy change - one that we wanted to be sure you knew about.

A short time ago, our Chairman and CEO Ed Liddy said that he has ordered the immediate cancellation of all outside meetings, conferences, and recognition events across AIG, except those that are required by law or that are deemed absolutely critical to sustain our ongoing business needs.

Given AIG's commitment to our customers, business partners, regulators, and American taxpayers, coupled with the new and very different challenges our company now faces, we take these responsibilities extremely seriously. Their trust is critical to our success. We recognize the need to be sensitive about all company expenditures.

As we move forward, we will continue our focus our efforts to pay back the $85 billion loan from the Federal Reserve Bank of New York as quickly as possible.

We appreciate your blog's efforts to share this information with your readers.

AIG Blog Relations

I wonder if they composed that while they were getting three-dollar-a-minute massages?


Blogger Mary K. Goddard said...

great title!

3:08 PM  
Blogger Milo Johnson said...

Sad to admit, but most of the time my titles are better than the posts...

3:20 PM  

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