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Shareholders demand accounting from AIG

Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”

A group of major shareholders at American International Group Inc. of New York have sent a chilly letter to the insurer’s board of directors, The Wall Street Journal reported.
The May 12 missive was sent by Eli Broad, former director of the firm; Shelby Davis, founder of Davis Selected Advise

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