Carl Icahn
Birthday : 02/16/1936 Place of birth : New York (New York) - USA Country of residence : USA Linked companies : Icahn Enterprises LP
Biography
In the U.S., he is called “the raider” but Carl Icahn prefers to be called "activist shareholder" , the same nickname than Edward Lampert, Eric Knight or Guy Wyser-Pratte. Across the Atlantic, he is very popular among small shareholders. In early 2007, Fortune magazine was not afraid of telling about him that if "the shareholders love him, business leaders hate him." According to estimates made by Fortune, the other shareholders of firms where Carl Icahn took in the past a part of the capital would have won, thanks to him, $ 50 billion.
Following an extensive study of the company - no matter the line of businesses- and the evolution of its share price, he takes a minority stake. Afterwards, he contacts the CEO of the company: Carl Icahn is hard-nosed, when he has an idea in mind, he never gives up.
In 2007, he propelled his British rival AstraZeneca to buy the pharmaceutical group US Medimmune. He won an important bonus.
Currently, his portfolio companies are active in the capital of two dozen of U.S companies. Via the Swedish activist fund Cevian, whose he is shareholder, Carl Icahn made his first steps in Europe, for example in the capital of the German Munich Re.
Carl Icahn had, according to Forbes in 2011, a fortune estimated at more than $ 12.5 billion. A success whose he is the only one responsible: coming from a modest family, he studied psychology, then medicine, but it is as broker that he began his career in the sixties. At that time, he had to borrow to start working on the New York Stock Exchange. No doubt he has paid all his bills without late.
At 72 years old, he doesn’t seem determined to retire. He just has launched a new blog : Icahnreport.com.
Citations
"You learn in this business: It you want a friend, get a dog." Copyright © 4-traders.com / Photo © Maxppp
| Latest news about Carl Icahn | |
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| Icahn seeks up to $7 billion for Dell bid |
| 2 days ago - NEW YORK (Reuters) - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion (4.6 billion pounds) in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday. |
| Dell says cannot disclose more information to Icahn yet |
| 5 days ago - (Reuters) - Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. |
| Transocean CEO Confirms Shareholders Rejected Icahn's Dividend Proposal |
| 05/17 -
By Tom Fowler
Transocean Ltd. shareholders voted overwhelmingly Friday to reject a $4 a share dividend proposal by activist investor Carl Icahn but ousted long-time company Chairman Michael Talbert and added one of Mr. Icahn's candidates to the offshore drilling giant's boar |
| Icahn's Stake in Netflix Tops $1 Billion Paper Profit |
| 05/15 -
For Carl Icahn, the gains on Netflix Inc. are streaming in.
In a little over six months, Mr. Icahn has seen his investment in the video-by-demand company gain more than $1 billion.
The activist billionaire's paper profits crossed that thresh |
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