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
To the extent that opportunities are now available to enhance value at AOL, which we believe there are, we implore management and the Board to move more decisively than they have in the past.
I believe there is great value for Time Warner if it were broken into parts, ... get away from the huge cost structure and excessive layers of management at the top, both literally at the Time Warner Center, and figuratively.
We're happy that value for all shareholders is enhanced through this offer.
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.
The Icahn Group believes that these actions would immediately narrow the gap between the current share price of Time Warner and the true value of Time Warner?s assets, which the Icahn Group believes is significantly higher,
It is my belief that, if the proper partner were allowed to have control of AOL, shareholder value would be much more greatly enhanced than through a half-hearted joint venture that might only serve the purpose of entrenching management.
When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.
Without question, this company should do away with Columbus Circle.
You learn in this business: It you want a friend, get a dog.
We're not about liquidating companies, but if you do that, why is that terrible? We're not blowing up the factories. The person who buys it should be able to make the asset more productive.
I'm no robin hood, I enjoy making the money.
Too often it's not the most creative guys or the smartest. Instead, it's the ones who are best at playing politics and soft-soaping their bosses. Boards don't like tough, abrasive guys.
I believe there are and will be major opportunities to enhance Time Warner's value in future combinations.
Yellen’s comments suggest, and I agree, that we are in an asset bubble.