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.
"You learn in this business: It you want a friend, get a dog."
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|Latest news about Carl Icahn|| |
|Dollar General CEO to retire, Icahn's proposed merger in doubt|
|06/27 - (Reuters) - Dollar General Corp (>> Dollar General Corp.) said CEO Rick Dreiling will retire next year, throwing into doubt a proposal by Carl Icahn to merge the discount retailer with Family Dollar Stores Inc (>> Family Dollar Stores, Inc.)....
|06/23 - (Reuters) - U.S. authorities have sought information from Dean Foods Co (>> Dean Foods Co) and Clorox Co (>> The Clorox Co) in connection with an insider-trading investigation of billionaire investor Carl Icahn, the Wall Street Journal reported, citing people familiar with the matter....
|Icahn threatens proxy war if Family Dollar not put up for sale|
|06/19 - (Reuters) - Activist investor Carl Icahn asked struggling retailer Family Dollar Stores Inc (>> Family Dollar Stores, Inc.) to put itself up for sale immediately, threatening a proxy war to replace the company's entire board if a sale process was not started....
|Icahn, Mickelson are investigated in US insider trading probe - source|
|06/12 - NEW YORK (Reuters) - The U.S. Federal Bureau of Investigation and the Securities and Exchange Commission are investigating possible insider trading involving billionaire investor Carl Icahn, golfer Phil Mickelson and Las Vegas gambler William Walters, a source familiar with the matter said.