aig board of directors News

Ally of Activist Investor Icahn to Leave AIG Board

Samuel Merksamer, who represents billionaire Carl Icahn on the board of American International Group Inc., will not seek re-election to the post at the insurer’s annual meeting in May, the company said in a filing on Wednesday. Merksamer, who has …

AIG CEO Hancock Finds Common Ground, Transparency with Activist Directors

Activist investors Carl Icahn and John Paulson are making American International Group (AIG) more transparent through their representation on its board, the U.S. insurer’s president and chief executive Peter Hancock said on Wednesday. Hedge fund manager Paulson and Samuel Merksamer, …

Icahn Doesn’t Buy AIG’s Strategy; Readies Slate of Directors

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 …