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