Ed Liddy's Apology (VIDEO)

Ed Liddy speaks before the House saying (basically) “I tried to get my troops to abandon their bonuses, but they don’t seem to want to give them up. I know, it’s crazy, right? Alright, it’s been real, I’m out of here. Got to pretend I’m trying to dismantle our company.”

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.