Deals
Icahn Said to Ease Off Demand for AIG Breakup Under New CEO
- Activist said willing to give new CEO chance to boost returns
- View marks shift from ‘too big to succeed’ critique in 2015
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Billionaire Carl Icahn, one of the largest investors in American International Group Inc., is easing off his demands for a breakup of the insurer after the company sold assets and brought on a new chief executive officer, according to people familiar with the matter.
Icahn wants to give new CEO Brian Duperreault a chance to improve the company’s return on equity, said the people, who asked not to be identified discussing private deliberations.