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|| |
|Icahn sells entire stake in Family Dollar - sources|
|09/03 - NEW YORK (Reuters) - Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores Inc (>> Family Dollar Stores, Inc.), making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday....
|Icahn says Family Dollar wasting over $300 million in breakup fees|
|08/19 - NEW YORK (Reuters) - Billionaire activist investor Carl Icahn told Reuters late Monday that efforts by Family Dollar’s (>> Family Dollar Stores, Inc.) board to fend off competing bids in favor of a deal with Dollar Tree (>> Dollar Tree, Inc.) have resulted in more than $300 million being needlessly spent on breakup fees....
|Icahn builds stake in Gannett, favors split|
|08/15 - Gannett Co. Inc. announced plans to split off its print division before activist investor Carl Icahn could start pushing the media company in that direction, according to a recent regulatory filing.