1. AIG To Axe Senior Executives In Bid To Deflect Pressure From Carl Icahn, Q3 Profits Slide

    AIG To Axe Senior Executives In Bid To Deflect Pressure From Carl Icahn, Q3 Profits Slide

    Insurance giant American International Group Inc. (AIG) said Monday that it plans to cut as many as 400 senior-level jobs in restructuring initiatives, less than a week after activist investor Carl Icahn wrote a public letter to CEO Peter Hancock urging the company to split up...

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    1. We believe there is no more need for procrastination, the time to act is now.
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