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Excerpts from Reuters said:A prominent U.S. senator backtracked on comments that American International Group Inc executives might consider suicide, but he still wants them to apologize for ruining the giant insurer.
Senator Charles Grassley, the top Republican on the Senate Finance Committee, said on Monday that AIG executives should perhaps "resign or go commit suicide," adopting what he called a Japanese approach to taking responsibility for their actions.
On Monday, in an interview with a radio station in his home state of Iowa, Grassley fired a gibe at AIG executives, saying they might "follow the Japanese example and come before the American people and take that deep bow and say, I'm sorry, and then either do one of two things: resign or go commit suicide."
AIG called those comments "very disappointing."
Grassley on Tuesday said U.S. executives might adopt practices of Japanese business leaders in admitting mistakes.
"Japanese CEOs either go out and commit suicide, and probably in most cases they don't, and when they don't they come before the public and bow very, very deeply, and express regret, and may resign or may stay on, but the point is they accept full responsibility," he said. "I haven't heard this from the CEOs."
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