‘Goodbye and good riddance’ AIG directors!

Full Story At money.cnn.com

NEW YORK (CNNMoney.com) — AIG shareholders, a.k.a. U.S. taxpayers, ousted the majority of the company’s leadership at AIG’s annual shareholders meeting Tuesday, removing the overseers of one of the biggest corporate unravelings in American history.

Just three of the 11 directors that oversaw the company’s downward spiral in September remained on AIG’s board. Two directors who were placed on the board after the company came undone, including Chief Executive and Chairman Edward Liddy, also stayed in place.

AIG’s three trustees, who represent the government’s near-80% controlling interest in the company, elected the new directors on behalf of the taxpayers.

The six directors who did not stand for re-election were not in attendance at the annual meeting.