American International Group, Inc. (NYSE:AIG) today issued the following statement from Robert H. Benmosche, AIG President and Chief Executive Officer:
“I was very pleased to meet with Rep. Elijah Cummings earlier today. In our meeting, I apologized for my reference to the South and the impact that it had on him and others.
“I explained to Rep. Cummings that I was responding to a reporter’s question about certain actions I felt were wrong at the time of the financial crisis: that what stood out to me was the enormous fear AIG employees felt about their safety and the safety of their families because people in positions of public responsibility were actively encouraging the vilification of our people.
“I expressed my belief that people should never encourage public anger against any group – for any reason – and that the vilification of a person or a group of people is not right. It’s never right, and when it happens it should not be trivialized or dismissed lightly, as it too often was in the context of AIG. And when I referred to the South, I unintentionally trivialized a horrible legacy of our country. That was the opposite of my intent.“I look forward to continued dialogue. AIG repaid America every dollar plus a profit of $22.9 billion – a total of $205 billion – and every one of our employees is committed to making sure AIG stands for what’s right about this great country.” American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.