The Financial Times said the details of the move are being finalised this week and are expected to be announced in the next few days. Paulson joined the board alongside fellow activist Carl Icahn and tried to pressure AIG CEO Peter Hancock to split up the insurer into three arguing it is “too big to succeed”. He cut his stake in the insurer last year to less than 0.5% from around 1%. Hancock resigned in early March citing a lack of “wholehearted shareholder support”; he remains until a success
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