Edward Liddy, chosen last year by the Federal Reserve to run U.S.

American International Group Inc. chief Edward Liddy said the beleaguered U.S.

U.S. insurance giant American International Group Inc.

American International Group Inc Chief Executive Officer Edward Liddy said he imagined the one-time corporate giant would shrink beyond recognition.

Bailed-out US insurance giant AIG will scale back planned employee bonuses after criticism from the Treasury Department, a document indicates.