AIG “streamlining” but Not Caving to Icahn

[Brian Anderson]

So AIG's "investor update" today said they are spinning off its mortgage guaranty business and its AIG Advisory Group, reorganizing into distinct operating units but are not proceeding with "more radical" changes like breaking the company up into 3 separate companies to shed the "sifi" tag.

I'd expect Carl Icahn to release a new letter blasting AIG management in the next day or two.

http://www.nytimes.com/2016/01/27/business/dealbook/aig-sets-plan-to-streamline.html?_r=0