Another day and another large Financial Institution gets an activist hedge fund manager who wants to see the firm broken apart.
| less than a minute read
AIG CEO to Face Critics Who Seek Breakup
Get in touch
.jpg)
Get in touch
A representative from hedge-fund Paulson & Co. and a prominent Wall Street analyst—with different but dramatic plans for how insurance conglomerate American International Group Inc.AIG +0.03% should overhaul itself—are among those expected to attend a meeting Thursday afternoon with the company’s chief executive. They are expected to push CEO Peter Hancock for detailed answers as to why a breakup–either through spinoffs or sales of many of its operations—isn’t in shareholders’ best interests. They’ll be among guests at the latest investor session hosted by Mr. Hancock, who has been meeting with shareholders as he deals with mounting discontent about the pace of improvement in the company’s profitability, particularly after weak third-quarter results.
Get in touch
Get in touch
