Carl Icahn
Carl Icahn
Carl Celian Icahnis an American business magnate, investor, activist shareholder, and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth16 February 1936
CityQueens, NY
CountryUnited States of America
Last year, the company's board and management claimed to act in the interests of stockholders by spinning off the tobacco business of RJR Nabisco,
Mutual funds are becoming more attuned. If you have the capital to hold out, you will win in the end.
is greatly undervalued and that the company is in need of a major restructuring.
provide a very low or no possibility of a successful recovery for the bonds.
a weak attempt to silence growing investor criticism.
This conglomerate concept doesn't work, there is no synergy - just a bunch of people spending a large amount of money that should be spent on running different companies well.
We're happy that value for all shareholders is enhanced through this offer.
particularly important at Time Warner because of the difference of opinion between many large shareholders and management concerning the direction of the company and the lack of share price performance under current management.
In life and in business, there are two cardinal sins,
In life and business, there are two cardinal sins, ... The first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second; now is not a time to move slowly and suffer the paralysis of inaction.
Investors need to understand what level of debate actually occurred. Sunlight must be shed on the board's deliberations and a full account of the details of any studies conducted should be made immediately available to investors.
In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.
By agreeing to implement the critical corporate reforms we have supported for several months, Dick Parsons is making great strides toward enhancing shareholder value.
Doing this AOL deal is on the way, but not enough, to enhancing shareholder value at Time Warner, ... It proves my point that there is a great deal of unrealized value here. The best investment the company can make is in their own stock at this time.