Profile

Carl Icahn

Businessman
Male
Born Feb 16, 1936

Carl Celian Icahn is an American business magnate.

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Timeline

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CHILDHOOD

1936 Birth Born on February 16, 1936.

TWENTIES

1961 25 Years Old Icahn began his career on Wall Street as a stockbroker in 1961 and in 1968, he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading.

FORTIES

1978 42 Years Old In 1978, he began taking controlling positions in individual companies. … Read More
1979 43 Years Old In 1979, he married Liba Trejbal, a ballerina from the former Czechoslovakia. They separated in 1993 and divorced in 1999 after years of litigation. … Read More
1985 49 Years Old Icahn developed a reputation as a ruthless "corporate raider" after his hostile takeover of TWA in 1985. … Read More

FIFTIES

1988 52 Years Old In 1988, Icahn took TWA private, gaining a personal profit of $469 million, and leaving TWA with a debt of $540 million.
1991 55 Years Old In 1991, Icahn sold TWA's prized London routes to American Airlines for $445 million. … Read More

LATE ADULTHOOD

1999 - 2004 2 More Events
In 2006, Icahn sold his stake in KT&G (Korea Tobacco & Ginseng) for a profit. … Read More
2007 71 Years Old 1 More Event
In exchange for the Icahn group's cooperation, Time Warner would buy back up $20 billion of stock, nominate more independent members to the board of directors, cut $1 billion of costs by 2007, and continue discussions with the Icahn group over their proposal, particularly on the future of Time Warner Cable.
In 2008, Icahn showed interest in the takeover of Yahoo! and the ousting of Jerry Yang from his position as CEO to allow Microsoft to purchase the web company.
2009 73 Years Old As of June 2009, Icahn has managed to seat two of his allies on Biogen's board with the apparent goal of splitting the company into two entities and possibly replacing CEO James C. Mullen, of whom he has been highly critical.
2010 74 Years Old 1 More Event
In July 2010, Icahn acquired a 14 percent stake in Mentor Graphics. … Read More
2011 75 Years Old On February 22, 2011 he made an offer to buy Mentor Graphics for about $1.86 billion in cash in a move to push other suitors to declare themselves.
2012 76 Years Old On October 31, 2012 Icahn bought 5.5 million shares of the internet video service provider Netflix taking a 10% stake in the company.
In February 2013 Forbes listed Icahn as one of the 40 Highest-Earning hedge fund managers.
Original Authors of this text are noted on http://en.wikipedia.org/wiki/Carl_Icahn.
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