AIG CEO rips Jim Cramer a new one
AIG's recently appointed CEO sure isn't happy with CNBC shriekmeister Jim Cramer. During a Cramer rant he apparently told his flock that they should harass AIG employees at every opportunity. Not just the management that fucked up and brought the company down mind you, but even the little guy employees. And that set Ed Liddy off. He penned a letter to Cramer demanding an apology to AIG employees. Here's the letter via Deal Journal:
Edward M. Liddy
Chairman and Chief Executive Officer
AIG
October 20, 2008
Mr. Jim Cramer
Mad Money
CNBC
[Address redacted]
Dear Mr. Cramer,
I was deeply disappointed last Thursday when you urged your viewers to harass AIG employees, saying:
“We should hound them in the supermarket, we should hound them in the ball park, we should hound them everywhere they are. We should make fun of them and we should point fingers at them and we should tell them that you have no shame.”
Those comments are outrageous. I demand they be retracted and that you apologize to AIG’s employees. It is one thing to criticize the executive leadership of AIG - that’s fair commentary. But it is way out of bounds to incite people to confront and harass other AIG employees - hard-working, dedicated people who are running good businesses and are committed to our success. The employees of AIG did not cause this mess, but they are paying for it - in diminished 401K savings and in some job losses as we sell companies to repay the Federal loan. The irony is that AIG employees did not cause the problem, but they will solve it. For that they deserve our praise and our gratitude.
I await your prompt response.
Sincerely,
Edward M. Liddy
Chairman and Chief Executive Officer
AIG
October 20, 2008
Mr. Jim Cramer
Mad Money
CNBC
[Address redacted]
Dear Mr. Cramer,
I was deeply disappointed last Thursday when you urged your viewers to harass AIG employees, saying:
“We should hound them in the supermarket, we should hound them in the ball park, we should hound them everywhere they are. We should make fun of them and we should point fingers at them and we should tell them that you have no shame.”
Those comments are outrageous. I demand they be retracted and that you apologize to AIG’s employees. It is one thing to criticize the executive leadership of AIG - that’s fair commentary. But it is way out of bounds to incite people to confront and harass other AIG employees - hard-working, dedicated people who are running good businesses and are committed to our success. The employees of AIG did not cause this mess, but they are paying for it - in diminished 401K savings and in some job losses as we sell companies to repay the Federal loan. The irony is that AIG employees did not cause the problem, but they will solve it. For that they deserve our praise and our gratitude.
I await your prompt response.
Sincerely,
Edward M. Liddy
AIG CEO Demands Apology from Mad Money’s Jim Cramer - Deal Journal
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