Icahn Says AIG Presentation Inadequate, Seeks Director Slate

  • Activist says he plans to propose slate by end of next week
  • AIG's Sankaran has said a split would jeopardize tax assets

Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the insurer’s chief executive officer was inadequate and that he’s assembling a slate of directors to shake up the company.

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