AIG Calls A Time Out For January 26

Thanks to pressure from activist investor Carl Icahn, AIG (NYSE: AIG) is on its toes. The company is calling a meeting for Jan. 26 where it will make a presentation to better outline its vision and plans to the public.

The company has rebuffed Icahn’s calls for a breakup. The meeting comes after Icahn alluded to plans to wage a proxy battle to get board representation – in particular, looking for a director that would be willing to take over for current CEO Hancock where Icahn would hope to overthrow him. The presentation will be live via the web at 8 a.m. EST.

Note the 4Q earnings will come out on Feb. 11.

Seth Klarman: Investing Is Art First, Craft Second And Science Third

Seth KlarmanSeth Klarman is considered to be one of the best value investors of all time. Unfortunately, he does not give many interviews or lectures. Q2 2020 hedge fund letters, conferences and more Luckily, those interviews and speeches that he does give are stuffed full of information and highly insightful comments that value investors can learn Read More

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