AIG Let `Fox in the Henhouse' With Icahn Accord, Greenberg Says

  • Ex-CEO Greenberg has resisted efforts to shrink insurer
  • Activist Icahn says `smaller and simpler is better' at AIG

American International Group Inc. Chief Executive Officer Peter Hancock won short-term relief at the risk of longer-term challenges by striking an accord with activist investors who want to shrink the company, former CEO Maurice “Hank” Greenberg said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.