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More staff quit AIG unit

China Daily | Updated: 2009-03-27 07:45

Several more employees are leaving the controversial financial products unit that brought American International Group Inc to its knees last year, according to a person with knowledge of developments there.

The resignations are in addition to the "handful" of senior AIG Financial Products executives who have already given notice, said the person, who could not quantify the total number of departures.

To date, AIG said the situation at the financial products unit remains "manageable", despite the departures. But if too many employees quit, Chief Executive Edward Liddy has warned it could be disastrous for AIG and, ultimately, for US taxpayers who are the insurer's majority owners.

More staff quit AIG unit

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