Carl Icahn
American businessman
Carl Icahn
Carl Celian Icahn is an American business magnate.
Biography
Carl Icahn's personal information overview.
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News
News abour Carl Icahn from around the web
Carl Icahn Takes Stake in Bristol-Myers
Wall Street Journal - 5 days
The same day Bristol-Myers Squibb shook up its board to satisfy one activist investor, the drugmaker was faced with another: Carl Icahn, whose interest is fueling speculation the company could soon be put on the auction block.
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Wall Street Journal article
As Apple stock hits all-time high, world’s richest investor thinks it’s going even higher
Yahoo News - 12 days
After reporting an increase in iPhone sales last quarter, and bolstered by mounting excitement for the iPhone 8, shares of Apple have been on an absolute tear lately. During the last three months alone, Apple's share price has shot up by 26%, reaching a new all-time closing high in the process. And just today, Apple shares reached an all-time intraday high after trading at $135.58 earlier this morning. While some big name investors such as Carl Icahn have abandoned Apple in recent months, other prominent investors have actually increased their holdings in the company. Most notably, Warren Buffett, widely regarded as the world's most successful investor, almost quadrupled his stake in Apple last quarter. In a filing made with the SEC this week, it was revealed Buffett's Berkshire Hathaway fund picked up more than 40 million shares of Apple, increasing its overall stake to 57.4 million shares overall. As a result, Buffett's iconic Berkshire Hathaway is now one of the top 10 biggest stakeh ...
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Yahoo News article
First 100 Days Briefing: Democrats Wary of Icahn Self-Dealing as Trump Regulatory Adviser
New York Times - 15 days
Seven Senate Democrats plan to send a letter to the White House counsel demanding answers to Carl Icahn’s potential enrichment from his role as White House regulatory adviser.
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New York Times article
Broken Trust
Huffington Post - 27 days
"Chaos is the precondition to creativity... Even what has been created needs to be returned to chaos from time to time so that it can be regenerated in more vital form." - Parker J. Palmer At this year's World Economic Forum gathering in Davos, Switzerland, PR firm Edelman shared its comprehensive annual Trust Barometer, confirming what we all know: global trust in institutions and leaders is at an all-time low. Fully two-thirds of countries are now considered "distrusters" (under 50% trust in the mainstream institutions of business, government, media and NGOs to do what is right), compared to about half a year ago. This is a stunning collapse in trust, even from last year's low base. Trust in leadership is equally low. Only 37 percent of the general population believe CEOs are credible, even worse for government officials - 29 percent credible. A paltry 15 percent believe the system is working. Ironically, it was Chinese Premier Xi, in his first address at Davos, who stood ...
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Huffington Post article
Proper Response to an Amoral President
Huffington Post - about 1 month
Many Democrats are boycotting Donald Trump's inauguration today. Republicans have responded by criticizing the boycotters simply as sore losers. Ordinarily, I would oppose such boycott as a threat to our democratic institutions - which are fragile, under foreign attack, and in need of reinforcement. But this time is different, and here's why: Donald Trump is amoral. Not immoral. His beliefs are not inherently racist or sexist. Nor is he driven by compulsion to do evil such as murder. Rather he is amoral. That means he violates norms of civilized behavior whenever he thinks it benefits him. From his worldview, anyone who voluntarily complies with such norms is a sucker. Let me explain. Scholars have figured out that people comply with norms for one of two reasons. First, they may "internalize" a norm, meaning they sincerely believe it is the "right" thing to do, to such an extent that violating the norm causes psychic pain. Alternatively, they may not internalize ...
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Huffington Post article
Trump's Picks For Special Advisers Present Potential Ethical Issues
NPR - about 1 month
President-elect Trump has named two businessmen as special advisers: Wall Street legend Carl Icahn and former New York City Mayor Rudy Giuliani. Icahn will advise the White House on regulatory reform and Giuliani on cybersecurity. But Icahn makes billions through Wall Street trading, and Giuliani makes millions from his security consulting firm, which presents some potential ethical issues.
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NPR article
Icahn Hedge Fund Loses 20% of Its Value in 2016
Wall Street Journal - about 2 months
A nearly $6 billion hedge fund run by billionaire Carl Icahn continues to suffer after tumbling 18% in 2015.
Article Link:
Wall Street Journal article
BRIEF-Carl Icahn reports 9.77 pct stake in Conduent - sec filing
Reuters.com - about 2 months
* Carl C. Icahn reports 9.77 percent stake in Conduent Inc as of Dec. 31, 2016 - sec filing Source text for Eikon: Further company coverage:
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Reuters.com article
Trump confidants could face tangle of potential conflicts as presidential advisers
Chicago Times - about 2 months
Billionaire investor Carl Icahn will have the ear of President-elect Donald Trump as an adviser focused on cutting government regulations. But Icahn also stands to benefit if his advice is taken: It could make the energy companies and others in which he has a stake more profitable. Trump's daughter...
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Chicago Times article
EPA seeks to ban Genscape from verifying renewable fuel credits
Yahoo News - about 2 months
The U.S. Environmental Protection Agency wants to revoke Genscape's ability to verify biofuels compliance credits after regulators say it failed to detect a massive fraud perpetrated by companies it was monitoring. The announcement, made Wednesday, will likely bolster calls to reform the U.S. biofuels programs from critics such as investor Carl Icahn, who was recently named as a special adviser to President-elect Donald Trump. Icahn owns a large stake in CVR Energy Inc, which runs two U.S. refineries.
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Yahoo News article
Carl Icahn Stands to Gain
Wall Street Journal - 2 months
Has the hedge fund mogul been appointed Secretary of Talking His Own Book?
Article Link:
Wall Street Journal article
Trump advisor Carl Icahn may have a 'huge conflict' due to energy investment: Ethics lawyer
Yahoo News - 2 months
Former White House ethics lawyers say Carl Icahn, who controls refiner CVR Energy, could have a conflict of interest that violates the law.
Article Link:
Yahoo News article
Icahn says EPA, bank regulations hamper U.S. economy: CNBC
Yahoo News - 2 months
Billionaire investor Carl Icahn targeted environmental and banking regulations on Thursday as big drags on U.S. corporate investment and said revamping them would be a top priority in his role as adviser to President-elect Donald Trump. Icahn, tapped by Trump on Wednesday as a special adviser for regulatory reform, also said in an interview on CNBC he was surprised at criticism that his vast business dealings would pose conflicts of interest with his advisory role. "I honestly am sort of surprised that so much is being made of my being named to that," Icahn said in the wide-ranging interview, in which he also voiced concern about U.S. stock market levels.
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Yahoo News article
Timeline
Learn about memorable moments in the evolution of Carl Icahn
    LATE_ADULTHOOD
  • 2016
    Age 80
    He sold all his shares in April 2016, citing concerns about Apple's relationship with China.
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    On January 30, 2016, Icahn donated $1,000,000 at a Des Moines, Iowa, fundraiser for US veterans groups held by Donald Trump.
    More Details Hide Details In 1985 Icahn established Foxfield Thoroughbreds, a horse breeding operation. At that year's Newstead Farm Trust sale run by Fasig-Tipton, he paid $4 million for Larida, a 6-year-old mare and a record $7 million for the 4-year-old bay mare Miss Oceana who was in foal to champion sire, Northern Dancer. Icahn's Meadow Star won the 1990 Breeders' Cup Juvenile Fillies and was voted the Eclipse Award for Outstanding Two-Year-Old Filly. In 1992, Foxfield ended its racing operation and became a commercial breeder. Having bred more than 140 stakes horses, in 2004 Icahn shut down Foxfield, selling all his mares and weanlings without reserve at the Keeneland Sales November breeding stock auction.
    Icahn endorsed Donald Trump for the 2016 US presidential election.
    More Details Hide Details He also announced the formation of a super PAC pledging $150 million to push for corporate tax reform. Icahn will target inversions, which occur when corporations leave the U.S. to take advantage of lower tax rates elsewhere. Upon becoming the presumptive Republican presidential nominee, Donald J. Trump announced that he would nominate Icahn for Treasury Secretary. Icahn was criticized by Bernie Sanders for his investment operations in Atlantic City. In response, Icahn issued a statement disputing Bernie Sanders' remarks while agreeing on the general income inequality issue. Icahn has been married twice.
  • 2013
    Age 77
    He also made large contributions to Mount Sinai Hospital, New York, of which he is a trustee, which in return not only named a building the Icahn Medical Institute designed by Davis Brody Bond, but also, in 2013, renamed the Mount Sinai School of Medicine as the Icahn School of Medicine at Mount Sinai.
    More Details Hide Details The genomics institute led by Eric Schadt was also renamed and is now the Icahn Institute for Genomics and Multiscale Biology. His foundation, the Children's Rescue Fund, built Icahn House in The Bronx, a 65-unit complex for homeless families consisting of single pregnant women and single women with children, and operates Icahn House East and Icahn House West, both of which are homeless shelters located in New York City. Icahn has received numerous awards, including the Starlight Foundation's Founders Award and its 1990 Man of the Year Award. He was also named Guardian Angel 2001 Man of the Year. In 2004, he was honored by the Center for Educational Innovation Public Education Association for his work with charter schools. In 2006, he was honored with the 100 Women in Hedge Funds Effecting Change Award for his outstanding contributions to improving education.
    In November 2013, Icahn disclosed he had acquired a 12.5% interest in Hologic, a medical device and diagnostics manufacturer.
    More Details Hide Details He subsequently influenced the board to increase its membership by two, which were filled by directors supported by Icahn (each newly appointed director is a managing director of one of Icahn's holding companies).
    In October 2013, Icahn acquired around 61 million shares in Talisman Energy prompting shares in the ailing Canadian oil producer to surge.
    More Details Hide Details He also announced he would seek a seat on the board of the company.
    On August 13, 2013, Icahn announced that his new stock pick is Apple, and for the next few years was an outspoken proponent of the company.
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    In July 2013, Icahn started an attempt to acquire Dell Inc.
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    In February 2013, Forbes listed Icahn as one of the 40 Highest-Earning hedge fund managers.
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  • 2012
    Age 76
    On October 31, 2012 Icahn bought 5.5 million shares of the internet video service provider Netflix taking a 10% stake in the company.
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  • 2011
    Age 75
    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.
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  • 2010
    Age 74
    As of September 2010, Icahn owns just less than 15 percent of Mentor Graphics.
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    In July 2010, Icahn acquired a 14 percent stake in Mentor Graphics.
    More Details Hide Details Based on this acquisition, Mentor Graphics signed a poison-pill provision.
  • 2009
    Age 73
    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.
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  • 2008
    Age 72
    In June 2008, Icahn launched The Icahn Report which campaigns for shareholder rights.
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    Icahn sold his casino interests in Nevada on February 21, 2008.
    More Details Hide Details They included the Stratosphere, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and Aquarius Casino Resort which are operated through American Entertainment Properties, a subsidiary of Icahn's major company, Icahn Enterprises. The sale price of $1.3 billion was roughly $1 billion more than he paid for the properties.
    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.
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  • 2007
    Age 71
    Beginning in 2007, Icahn has steadily increased his stake in Biogen, seeking to possibly acquire, break up, and/or sell off various parts of the company.
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    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.
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  • 2006
    Age 70
    On February 17, 2006, the Icahn-led group agreed with Time Warner to not contest the re-election of Time Warner's slate of board members at the 2006 shareholders meeting.
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    On February 7, 2006, a group led by Icahn and Lazard Frères CEO Bruce Wasserstein unveiled a 343-page proposal calling for the breakup of Time Warner into four companies and stock buybacks totaling approximately $20 billion.
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  • 2004
    Age 68
    In 2004, Icahn purchased a large block of stock of Mylan Laboratories, after Mylan had announced a deal to acquire King Pharmaceuticals.
    More Details Hide Details Icahn threatened a proxy fight over the acquisition, on the ground that the deal required Mylan to overpay. In early 2005, Mylan gave up its efforts to acquire King, but according to the management, the decision was made after it had monitored relevant facts, not due to pressure from Icahn. In 2007, Icahn and his affiliates owned majority positions in firms including ACF Industries, American Railcar Industries, XO Communications, Philip Services, and NYSE-listed Icahn Enterprises, formerly known as American Real Estate Partners. Icahn made an attempted run as a major shareholder of Time Warner, owning about 3.3% of the company valued at billions of dollars. He has been actively seeking to influence the direction of Time Warner, often in conflict with its former chief executive, Richard Parsons. Although Time Warner recently sold 5% of its AOL division, Icahn has been pressing for additional action to increase shareholder value.
  • 2001
    Age 65
    On July 2001 Ramy El-Batrawi sourced acquisitions for Genesisintermedia and arranged $100 million in acquisition loan commitment from Carl Icahn’s Riverdale, LLC for GenesisIntermedia, Inc. and got an option to purchase 2 million shares of the company.
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  • 1999
    Age 63
    In 1999, he married his longtime assistant and former broker, Gail Golden.
    More Details Hide Details She has two children from a prior marriage. Icahn Stadium on Randall's Island in New York City is named after him, as is the Carl C. Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Hall, a prep school in Connecticut. This organization pays for tuition, room and board, books, and supplies for 10 students every year for four years (freshman-senior), an expense that adds up to about $160,000 per student. Icahn made a substantial contribution to his alma mater, Princeton University, to fund a genomics laboratory which bears his name, the Carl C. Icahn Laboratory at the University's Institute for Integrated Genomics.
  • FIFTIES
  • 1991
    Age 55
    In 1991, Icahn sold TWA's prized London routes to American Airlines for $445 million.
    More Details Hide Details Carl Icahn formed lowestfares.com to sell TWA tickets and acquired portions of Global Leisure Travel from Ramy El-Batrawi to merge into it. He was finally rebuffed by CEO David Roderick on January 8, 1987.
  • 1988
    Age 52
    In 1988, Icahn took TWA private, gaining a personal profit of $469 million, and leaving TWA with a debt of $540 million.
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  • FORTIES
  • 1985
    Age 49
    Icahn developed a reputation as a ruthless "corporate raider" after his hostile takeover of TWA in 1985.
    More Details Hide Details The result of that takeover was Icahn systematically selling TWA's assets to repay the debt he used to purchase the company, which was described as asset stripping.
  • 1979
    Age 43
    In 1979, he married Liba Trejbal, a ballerina from the former Czechoslovakia. They separated in 1993 and divorced in 1999 after years of litigation.
    More Details Hide Details Liba had sought to invalidate a prenuptial agreement she had signed prior to their marriage claiming duress as she was pregnant at the time. Liba originally fought Icahn's offer of roughly $1.5 million a year because he was worth billions at the time and eventually settled for an undisclosed amount. They have two children, one of whom is Brett Icahn.
  • 1978
    Age 42
    In 1978, he began taking controlling positions in individual companies.
    More Details Hide Details He has taken substantial or controlling positions in various corporations including RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field's, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner, Netflix, Motorola, and Herbalife.
  • TWENTIES
  • 1961
    Age 25
    Icahn began his career on Wall Street as a stockbroker in 1961; in 1968, he formed Icahn & Co., a securities firm that focused on risk arbitrage and options trading.
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  • CHILDHOOD
  • 1936
    Age 0
    Born on February 16, 1936.
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