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.
ValueWalk's Raul Panganiban interview with the founder of ValueWorks, Charles Lemonides. In this interview, we discuss the opportunities he is seeing in the market today. Q2 2021 hedge fund letters, conferences and more Interview with ValueWorks' Charles Lemonides ValueWalk's . . . SORRY! This content is exclusively for paying members. SIGN UP HERE If you Read More
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