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news: recently, I have been diagnosed with cancer, and last week I began an aggressive round of chemotherapy. That’s the bad news. The good news is that I feel fine, and I continue to work according to my normal schedule. As for my long-term prognosis – I will have a better idea over the next couple of months of what that will look like as I continue to undergo treatment and my doctors refine their diagnosis.
I want you to know that I remain absolutely committed to my job, to AIG, and to all of you. We all still have so much to do. Because of all of you, we as a team have made extraordinary progress toward repaying taxpayers and cementing a clear path for AIG to emerge as a sound, independent company. As I have said before, I have every intention of staying at AIG and seeing that path completed. From the day I arrived here, you have given me tremendous energy and strength, and frankly, learning that I have cancer makes me even more committed to working with all of you to turn AIG into the success story we all envision. It’s a turnaround I want to complete.
You should know that I have informed our Board of Directors about what’s happening, and I am deeply appreciative of their expressions of support at this time. We had already begun to focus attention on succession planning given that I had already indicated that I hoped to re-enter retirement sometime in 2012. While I have every intention of staying
on that timetable, it’s important that we prepare for any alternate plan that fate may have in mind. As you know, we have built a very strong management team that is accomplishing what most believed would be impossible. That team has the complete confidence of the Board, and I have every expectation that we will all continue to work together smoothly and without interruption as we execute our repayment roadmap.
I am a lucky man who has been blessed with a wonderful family and very special friends. Thank you for caring so much about this company that we are able to turn it around and help restore confidence in the United States. I am very much looking forward to continuing to work with you.