Carl Icahn On AIG: Too Big to Succeed

Letter To AIG CEO by Carl Icahn.

CARL ICAHN ISSUES OPEN LETTER TO

PETER HANCOCK, CHIEF EXECUTIVE OFFICER OF AIG

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ALL RECIPIENTS ARE ADVISED TO READ

“IMPORTANT DISCLOSURE INFORMATION”

AT THE END OF THE ATTACHED LETTER

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Carl C. Icahn

767 Fifth Avenue, 47^th Floor

New York, New York 10153

Dear Peter:

It is my experience that in Corporate America, even when all available data points to the same undeniable conclusion and when all stakeholders desire the same mutually beneficial outcome, an external force is often still required to effect meaningful and positive change. This is the current situation in which AIG shareholders find themselves. The company continues to severely underperform its peers...