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Icahn says AIG presentation inadequate, seeks director slate

Carl Icahn, the activist investor calling for a breakup of AIG, said the alternative plan presented last week by the insurers CEO was inadequate and that hes assembling a slate of directors to shake up the company.

By Sonali Basak | Updated on February 02, 2016
Carl Icahn, the activist investor calling for a breakup of American International Group Inc., said the alternative plan presented last week by the AIG CEO was inadequate. (AP Photo)

(Bloomberg) — 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.

Icahn plans to propose a list of possible board members by the end of next week, he said in a phone interview Monday, without identifying candidates. The activist’s firm issued a regulatory filing after the close of New York trading, saying that managing directors Samuel Merksamer and Courtney Mather “may serve on the boards of directors of entities in which Mr. Icahn and/or his affiliates have an interest.”

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