Icahn Proposes Shakeup of AIG Leadership After Clash With CEO

Updated on
  • Activist says CEO Hancock failed to lay out alternative plans
  • Icahn says his firm owns more than 42 million shares of AIG

Icahn Turns Up the Pressure on AIG

Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into three companies.

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