Carl Icahn sends letter to CEO; calls on the company to be split; discloses large stake - Icahn:
AIG should immediately:Pursue tax free separations of both its life and mortgage insurance subsidiaries to create three independent public companies. Each would be small enough to mitigate and avert the Systemically Important Financial Institution (SIFI) designation.
Embark on a much needed cost control program to close the gap with peers.