Born poor, now self-made billionaires

Born poor, now self-made billionaires - Ed Liddy

Ed Liddy, former chief executive officer of American International Group (AIG) had to face lot of hardships before he rose to great heights. Ed Liddy's father died when he was just 12 years old. According to aBusinessWeek report, he had a poverty-stricken childhood.

Liddy graduated from Catholic University of America in 1968 and received a master's degree in business administration from George Washington University in 1972. He worked with Ford Motor before joining G D Searle & Co in 1981.

The 63-year old Liddy earned about $130 million during his eight-year tenure at Allstate. In the wake of the financial crisis, Ed Liddy came to rescue the ailing AIG, worked for a salary of $1. But the act turned disastrous when the company handed out employee bonuses totally $165 million after it had accepted $170 billion in government bailout funds.

This forced him to quit AIG.

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Tiger Woods would be 'terrific': US Prez Obama

US President Barack Obama hopes to see Tiger Woods in terrific form when the embattled golf champion returns to the course in next month's Augusta Masters after details of his multiple extra-marital affairs exploded in public last year. "You know, I think that Tiger has acknowledged that he betrayed his family and that's a personal issue that he has got to work out," said Obama who is an avid lover of the game. "I hope they have worked it out, I'm sure he is going to still be a terrific golfer," Obama told FOX news. Woods has not played for the past five months following the sex scandal that has received worldwide attention as several of the golfer's mistresses came forward with lurid details about his infidelity. The cat was out of the bag after his wife Elin found out about his affair with, Rachel Uchitel, a New York party planner, which led to an argument and accident on November 27 when Woods crashed his SUV outside his Florida mansion sustaining...

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