activist investor News

Analyst Sees AIG CEO Hancock Surviving Icahn Ouster Bid

Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter Hancock, Credit Suisse Group AG said. While Icahn may succeed in …

Activist Investor Icahn Ups Pressure on AIG CEO Hancock

Billionaire investor Carl Icahn said he may seek to shake up leadership at American International Group Inc. after Chief Executive Officer Peter Hancock rebuffed his plan to split the insurer into three companies. Icahn will push for a measure that …

Activist Investor Icahn on High-Yield Bonds, AIG, Interest Rates

Billionaire activist investor Carl Icahn said he is betting against high-yield bonds, as he sees a bubble among companies that have overborrowed recently, and expects the dollar to keep rallying into next year. Icahn, speaking at the Reuters Global Investment …

As Activist Investors Circle, AIG Posts Q3 Loss; Plans to Cut 400 Jobs

American International Group Inc., the insurer facing pressure from activist shareholder Carl Icahn for a breakup, posted a third-quarter loss as investment results deteriorated. The company plans to cut as many as 400 senior- level jobs. The net loss of …

Activist Paulson Joins Icahn’s Call to Break Up AIG

Activist investor Carl Icahn said he owns a “large stake” in American International Group Inc. and urged the insurer to spin off its life and mortgage units into public companies to avoid being tagged as a systemically important financial institution. …

Investor Icahn to AIG: Break-Up P/C, Life, Mortgage Units Now

Activist Investor Barington Targets Insurer Software Firm Ebix

Ebix Inc., a software supplier to the insurance industry, is being targeted by activist investor Barington Capital Group LP, which is seeking talks to nominate additional board members. Barington suggested four independent director nominees including the activist fund’s founder, James …

Hartford’s McGee: Lessons from Clash with Activist Investor Paulson

Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson’s call to split the insurer, said executives shouldn’t be defensive when handling activist investors. “You can’t circle the wagons,” McGee, Hartford’s chief executive officer, …