Deals
AIG Names John Paulson and Icahn Ally Merksamer to Board
- 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
This article is for subscribers only.
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.
The board will be expanded to 16 directors from 14, the New York-based insurer said Thursday in a statement. Joining Paulson is Samuel Merksamer, a managing director at Icahn Capital.