Carl Celian Icahn is a corporate raider and activist shareholder, renowned in the 1980s, at the height of “greenmailing,” for instigating takeovers of such companies as B.F. Goodrich and Uniroyal. Born in Queens, New York, Carl Icahn gained a philosophy degree from Princeton University and entered medical school, only to drop out for a position with securities arbitrage firm Dreyfus & Co at Wall Street. Lately, Carl Icahn reinvented himself as activist shareholder, concentrating on management ineptitude in eminent corporations, threatening proxy battles, and enriching shareholders. He has also pushed for the ouster of several high-profile CEOs like Time Warner’s Richard Parsons and Yahoo’s Jerry Yang. To date, Carl Icahn has increased shareholder value by $50 billion. Since 2004, Carl Icahn has run hedge fund Icahn Partners, which now has $7 billion in assets under management. He also formed American Real Estate Partners, a private equity outfit and holds $5 billion in shares with Federal-Mogul, ARI, and Philip Services.
Activist stockholder Carl Icahn raises his stake at Yahoo to approximately 75.6 million shares. This is one in a string of initiatives to remove Jerry Yang from the chairmanship of Yahoo! after he spurned a buyout offer from Microsoft reportedly worth over $44 billion.
This article from Huffington Post profiles the “Superman of Shareholders” Carl Icahn, who fixes incompetent company boards.
This page has a short executive profile of Carl Icahn, President and CEO of Icahn & Co., Inc.
Carl Icahn criticizes inept CEOS and boards in the US and discusses their culpability in the financial crisis to The Wall Street Journal.
Carl Icahn asserts that the financial meltdown could have been prevented by reckoning with bad companies that took excessive risk.
This is an in-depth article on Carl Icahn and his recent forays into shareholder activism.
According to this page from Forbes, Carl Icahn is #46 on the list of the world’s richest people. He is worth $14 billion.