In the Margins

Paulson said to be exiting AIG board

April 14, 2017

By Bloomberg

Paulson & Co. founder John Paulson is planning to step down from American International Group’s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. Paulson’s planned exit will remove one of the board’s more prominent advocates for shrinking the company. Paulson had proposed splitting AIG into three separate companies, a plan that won support from billionaire Carl Icahn. Read the original story from Bloomberg