Activist Icahn takes large AIG stake and calls for break-up

Shares in American International Group (AIG) traded up more than
4 percent this morning (28 October) after activist investor Carl
Icahn revealed he had built a "large stake" in the
insurance giant and called for it to be split up and to embark on a
"much needed" cost control programme.
In a letter to AIG president and CEO Peter Hancock, Icahn said
the insurer was "too big to succeed" - in a play on
former Federal Reserve chairman Ben Bernanke...