AIG Names John Paulson and Icahn Ally Merksamer to Board

Updated on
  • Board to be expanded to 16 directors from 14, AIG says
  • AIG increases buybacks, dividend after announcing 4Q loss

Paulson, Icahn Face Uphill Battle at AIG

American International Group Inc., the insurer being pressured by billionaire investor Carl Icahn to split up, agreed to nominate one of the activist’s allies to the board of directors along with hedge fund manager John Paulson.

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