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Towns Likes Benmosche

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WASHINGTON BUREAU — The leader of a key congressional committee has suggested that American International Group Inc. might be heading in the right direction.

Rep. Edolphus Towns, D-N.Y., chairman of the House Oversight and Government Reform Committee, recently spoke to Harvey Golub, the chairman of AIG, New York, and Maurice Greenberg, AIG’s former chairman.

Towns reportedly said that the shift to Robert Benmosche, the new AIG chief executive, from Edward Liddy, seems to be a positive one, and that Benmosche seems to have overcome the old “fire sale” mentality.

Towns has responded to the conversation with Greenberg by looking into the possibility of changing government agreements with AIG in ways that might increase the likelihood that AIG can actually pay the government back.


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