A Very Intertwined World

Submitted by aldevito on Fri, 04/17/2009 - 20:06.

That's the world of high finance. Today's example is Edward Liddy, the fellow serving as CEO of AIG for a mere $1 a year. It so happens that Mr. Liddy resigned from the Goldman Sachs board upon being nominated by Paulson, former head of Goldman, to head AIG. At the time Liddy owned 27,000 shares of Goldman. He still owns the stock which is worth today over $3,000,000.

Read more http://devitoblog.blogspot.com/2009/04/very-intertwined-world.html

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