AIG's Sankaran Says Material Value at Risk in Icahn's Plan

  • Incoming AIG CFO says foreign tax assets would be at risk
  • Diversification frees up as much as $10 billion, Sankaran says

American International Group’s Sid Sankaran, who has been designated to be the insurer’s next chief financial officer, said that activist investor Carl Icahn’s proposal to break up the company would punish investors by jeopardizing tax assets and pressuring capital measures.

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