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The AIG logo is shown above the post where it trades, on the floor of the New York Stock Exchange, Tuesday, Jan. 26, 2016. Insurer AIG is selling its broker-dealer segment, starting an initial public offering for its mortgage-insurance division and slashing expenses after coming under pressure from activist investor Carl Icahn. (AP Photo/Richard Drew)

(Bloomberg) — American International Group’s Sid Sankaran, who has been designated to be the insurer’s next chief financial officer, said that activist investor Carl Icahn’s proposal to break up the company would punish investors by jeopardizing tax assets and pressuring capital measures.

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