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Icahn Urges Drastic AIG Shift, Says CEO Credibility on Line

Icahn Urges Drastic AIG Shift, Says CEO Credibility on Line

Activist investor Carl Icahn, who's pushing American International Group Inc. Chief Executive Officer Peter Hancock to shrink the insurer and boost returns, said the CEO must offer "a drastic strategic shift" at a presentation scheduled for next week. Icahn's plan includes splitting AIG into three units, one being United Guaranty Corp., a private mortgage insurer.

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