PETER HANCOCK
CEO
AIG
AIG’s Peter Hancock has weathered a tough year. Not only did third-quarter earnings come in well under analysts’ expectations (and down about 60% from the third quarter of 2014), but Hancock has also had to weather calls from activist investor Carl Icahn, who wants the company to separate its life and mortgage insurance subsidiaries to create three independent companies. Hancock, however, has stood firm, saying that removing AIG’s government designation as a systemically important financial institution would be a distraction from his goal of growing the company while cutting costs.
