Icahn urges AIG to split Into three, says it’s ‘time to act’
October 29, 2015 by KATHERINE CHIGLINSKY
(Bloomberg) — Carl Icahn, the billionaire investor known for picking fights with corporate boards, said American International Group Inc. should split into three companies, one selling property-casualty coverage, another selling life insurance and a third backing mortgages. The stock rallied in early trading.
“There is no more need for procrastination,” Icahn said in a letter posted on his website Wednesday and addressed to AIG Chief Executive Officer Peter Hancock. Click HERE to view article
Originally Posted at LifeHealthPro on October 28, 2015 by KATHERINE CHIGLINSKY.
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