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Wikipedia

Carl Icahn

July 05, 2023

Carl Celian Icahn (/ˈaɪkɑːn/; born February 16, 1936) is an American financier. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy. Subsequently, Icahn then pressures management to make the changes that he believes will benefit shareholders. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds.[1]

Carl Icahn
Icahn at 1980s conference
Special Advisor to the President on Regulatory Reform
In office
January 20, 2017 – August 18, 2017
PresidentDonald Trump
Personal details
Born
Carl Celian Icahn

(1936-02-16) February 16, 1936 (age 87)
New York City, U.S.
Spouse(s)
Liba Trejbal
​
​
(m. 1979; div. 1999)​

Gail Golden
​
(m. 1999)​
Children2, including Brett Icahn
Alma materPrinceton University (A.B., 1957)
New York University
OccupationActivist shareholder
Known forFounding and Managing Icahn Enterprises
Leadership of Federal-Mogul
1980s "corporate raider"
Signature
Websitecarlicahn.com

In the 1980s, Icahn developed a reputation as a "corporate raider" after profiting from the hostile takeover and asset stripping of Trans World Airlines.[2][3]

Icahn is on the Forbes 400 and has a net worth of approximately $8.1 billion[4] to $24 billion.[5]

Since 2011, Icahn no longer manages money for outside clients, although investors can invest in Icahn Enterprises.[6]

Early life and education

Icahn was born in Brooklyn to an Ashkenazi Jewish family.[7][8] He was raised in the Far Rockaway, Queens neighborhood of New York City, where he attended Far Rockaway High School.[9] His father, Michael Icahn,[10] a "sworn atheist",[11][12] was a cantor, and later a substitute teacher. His mother, Bella (née Schnall) also worked as a schoolteacher.[10][13] Icahn graduated from Princeton University with an A.B. in philosophy in 1957 after completing a senior thesis titled "The Problem of Formulating an Adequate Explication of the Empiricist Criterion of Meaning."[14] He then entered New York University School of Medicine, but he dropped out after two years to join the military reserve force.[15][16]

Business career

1961–2005

 
This aircraft had originally been built in 1999 for Trans World Airlines, as part of its last-minute fleet renewal, but due to Icahn's hostile takeover was instead sold to American Airlines

In 1961, Icahn began his career as a stockbroker for Dreyfus Corporation.[10] In 1963, he became an options manager for Tessel, Patrick & Co. and then he moved to Gruntal & Co.[15]

In 1968, with $150,000 of his own money and a $400,000 investment from his uncle, M. Elliot Schnall, Icahn bought a seat on the New York Stock Exchange[10] and formed Icahn & Co., which focused on risk arbitrage and options trading.[17]

In 1978, in his first takeover attempt, he took a controlling stake in Tappan and forced the sale of the company to Electrolux, making a profit of $2.7 million, or doubling his investment. In 1979, he acquired Bayswater Realty & Capital Corporation. In 1983, he acquired ACF Industries and in 1985 he sold those shares to Phillips Petroleum, making a $50 million profit.[9][failed verification]

In 1985, by pooling his funds with investor funds and funds borrowed from banks, Icahn acquired 50% of Trans World Airlines, and he completely acquired the company in a leveraged buyout in 1988.[2] Icahn systematically sold TWA's assets to repay money he owed, which was described as "asset stripping" and made him known as a "corporate raider". In 1991, he sold TWA's London routes to American Airlines for $445 million.[3] Icahn made a $469 million profit, and left TWA with $540 million in debt. He formed lowestfare.com to sell TWA tickets and acquired portions of Global Leisure Travel from Ramy El-Batrawi.[18]

In October 1986, Icahn launched an unsuccessful $8 billion hostile takeover for 89% of U.S. Steel; the bid was dropped in January 1987.[19][20] In 1991, he sold his stake in the company for $1 billion, making a $200 million profit.[21]

In June 1989, in the largest share sale to date on the New York Stock Exchange, Icahn sold his stake in Texaco for $2 billion, making a profit of $700 million.[22]

In 1990, he offered to acquire Pan Am for $375 million.[23]

In 1994, he took a 6.6% interest in Western Company of North America as it was in the process of being acquired by BJ Services.[24]

In February 1997, Icahn sold his 7.3% interest in RJR Nabisco for a $125 million profit.[25]

In June 1997, Icahn took control of Marvel Comics in a rivalry with Ronald Perelman.[26]

In March 1998, he again bid for Pan Am, offering $43 million.[27]

In December 1998, Icahn led an investor group that acquired a 5% stake in RJR Nabisco and pressured the company's management to separate its tobacco and food units.[28]

In July 2001, Icahn's Riverdale, LLC lent Genesisintermedia $100 million and received options to purchase 5.5 million shares of the company at an average price of $5.09.[29]

In 2004, Icahn began raising $3 billion to form Icahn Partners, a hedge fund.[30] He took ownership stakes in Blockbuster Video and Time Warner.

In 2004, after Mylan announced a $4 billion stock deal to acquire King Pharmaceuticals, Icahn purchased a large block of stock and threatened a proxy fight, urging shareholders to vote against the acquisition.[31][32][33] In February 2005, Mylan gave up its efforts to acquire King.[34]

2005–2010

In 2005, XO Communications announced its intention to sell the wired part of its business for $700 million to Icahn, who was then chairman and a large shareholder; the money would be used to pay back its debts and to buy back its preferred stock for about $600 million from Icahn. Icahn would have then owned the wired business outright, and still own his 60% stake in XO.[35] Despite Icahn's majority ownership and the board of directors declaring the deal to be in the best interest of shareholders, R2 and other minority shareholders blocked the transaction through the court system in 2008, which charged Icahn with penalties due to his conflict of interest.[36]

In August 2006, Icahn bought stock in Take-Two Interactive, a video game publisher, and increased his holdings to 11.3% in 2009, becoming the company's second-largest shareholder.[37]

In January 2007, he purchased a 9.2% stake in Telik, a biotech company engaged in cancer research. He also acquired 6.1 million shares of WCI Communities, later acquired by Lennar.

In May 2007, Icahn lost an election for a seat on the board of directors of Motorola, despite owning 3% of the company.[38]

On February 9, 2007, Lear Corporation's board of directors accepted a $2.3 billion takeover offer from Icahn.[39][40]

That month he also invested $50 million in Motricity, a North Carolina-based provider of mobile content delivery technology.

In September 2007, Icahn increased his stake in BEA Systems to 13.22%,[41] a few months before Oracle Corporation announced its acquisition of BEA Systems, which Icahn supported.[42]

Beginning in 2007, Icahn gradually increased his stake in Biogen.[43][44]

In April 2007, Icahn sold his casino interests in Nevada, including the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and Aquarius Casino Resort which were operated through American Casino & Entertainment Properties, a subsidiary of Icahn Enterprises, for $1.3 billion or $1 billion more than he paid for the properties, to a unit of Goldman Sachs.[45]

In March 2008, Icahn sued Motorola as part of his effort to gain four seats on Motorola's board and force a sale of its mobile business.[46]

In May 2008, Icahn purchased a large block of shares in Yahoo!, and shortly thereafter threatened to start a proxy fight to remove Yahoo's board of directors in response to their rejection of a takeover bid by Microsoft.[47] Instead, he forced an agreement to expand Yahoo's board to eleven members, including Icahn and two others of his choice.[48]

In June 2008, Icahn launched a blog, The Icahn Report.[49]

In September/October 2008 Icahn was involved in the rejected attempted purchase of Imclone by Bristol-Myers Squibb and in the eventual sale of Imclone to Eli Lilly and Company for $6.5 billion in cash.[50]

In December 2008, he filed suit against Realogy over a proposed debt swap.[51]

In April 2009, Icahn engaged in a proxy battle for Amylin.[52]

In September 2009, he offered to buy the shares of XO he did not already own for $0.55 each. He later raised his offer to $0.80, which ultimately expired.

In October, he resigned from the board of directors at Yahoo!,[53] and by the following February had reduced his equity stake from a one-time high of 75 million shares to 12 million shares.[54]

In February 2010, Icahn, through a subsidiary of his Icahn Enterprises LP, acquired the Fontainebleau Las Vegas for about $150 million. In March he was one of a group of lenders who purchased Tropicana Casino & Resort Atlantic City, bringing the company out of bankruptcy for $200 million.

In March 2011, he conducted a failed takeover bid for Lionsgate Films.[55]

In May 2010, he announced the purchase of an 8.54% stake in Lawson Software.[56]

2010–2015

In May 2010, Icahn held a 6.9% stake in Mentor Graphics,[57] increasing to 14% in July. Mentor's retaliation with a shareholder rights plan failed to deter Icahn who, in February 2011, made an unsuccessful offer to buy the company for about $1.86 billion in cash.[58]

In January 2011, Icahn offered to buy Clorox for $10.2 billion.[59] By February he had accumulated a 9.08% stake in the company.[60]

In October 2012, Icahn reported a 10% stake in Netflix.[61][62]

In November 2012, he tried to gain control of the board of directors of Oshkosh Corporation.[63]

In February 2013, Forbes listed Icahn as one of the 40 highest-earning hedge fund managers.[64]

By April 2013, Icahn accumulated a 9.2% stake in Nuance Communications.[65] On August 2, 2013, Icahn sued computer giant Dell and its board in an attempt to derail a $24.4 billion buyout bid by the CEO, Michael Dell, in favor of his own rumored forthcoming bid.[66] In October 2013, Icahn held 4.7 million shares of Apple Inc.[67][68][69] The same month, Icahn acquired around 61 million shares in Talisman Energy, leading to a surge in the share price.[70] Also that month, he sold about 50% of his shares in Netflix for a profit in excess of $800 million in less than one year.

In November 2013, he acquired a 12.5% interest in Hologic, a medical device and diagnostics manufacturer.

In January 2014, Icahn invested another half billion dollars in Apple Inc.[71]

Also in January 2014, Icahn pushed eBay to complete the corporate spin-off of PayPal. This started a proxy fight which was settled by April.[72]

In October 2014, Icahn invested in Talisman Energy. The company's stock price went down by 71% and he sold his shares two months later.[73]

2015–present

On May 15, 2015, Icahn made a $100 million investment in Lyft.[74]

In November 2015, Icahn hired CBRE Group to market the unfinished Fontainebleau Las Vegas to potential buyers.[75] Also in November 2015, he swapped his stake in eBay for shares in PayPal.[76] Also in November 2015, Icahn disclosed a 7.13% stake in Xerox.[77]

In December 2015, Icahn offered to acquire Pep Boys.[78] He also raised his stake in Cheniere Energy to 13.8%, making him its largest shareholder.[79]

In August 2017, Icahn sold the unfinished Fontainebleau Resort Las Vegas for $600 million, more than four times what he paid.[80]

In January 2016, Icahn disclosed a 4.66% stake in Gannett Company[81] and also held shares in Cheniere Energy and Freeport-McMoRan, both of which declined in value.[73] Icahn sold his Apple shares in April 2016, citing concerns about Apple's relationship with China.[82]

In August 2016, Icahn increased his stake in Herbalife Nutrition to 21%.[83]

Also in October 2016, Icahn closed the Trump Taj Mahal Casino in Atlantic City, citing a $350 million loss over several years as well as failure to reach a deal with striking union workers. Nearly 3,000 workers lost their jobs.[84][85]

In November 2016, he increased his holdings in the car rental company The Hertz Corporation, after the company's stock price had declined significantly.[86]

In 2017, Icahn acquired a 9.7% stake in Conduent, sold out of Allergan and Nuance Communications, and increased his stakes in Navistar International and Herbalife Nutrition.[87]

In May 2020, Icahn sold his entire 39% stake, or 55.3 million shares, of Hertz Global for 72 cents a share. He lost almost $2 billion on the investment.[88]

In February 2022 Icahn, who held 200 shares of the company, nominated two people for election to McDonald's board of directors in what may be the first step toward a proxy fight.[89] Icahn aims to pressure McDonald's to improve conditions of pigs raised by its suppliers.[90]

However, in May 2022, only 1% of McDonald's' shareholders voted in favor of nominees put forward by Icahn, scoring a victory against his demands for the improvement of conditions in which pigs are raised. In its statement, McDonald's claimed it is already moving towards a more humane approach to the issue since its pledge in 2012, adding that Icahn's demands were unreasonable.[91]

In May 2023 short seller Hindenburg Research released an analysis of Icahn's public company Icahn Enterprises that claims the company is over-valued due to paying large dividends using investments from new investors. In addition, the analysis claims that Icahn took out loans against a majority of his holdings and that these have the potential to be called should the stock price move downward. On the day of the release of this analysis the share price of Icahn Enterprises dropped by 20%.[92]

Public policy and economic views

Icahn endorsed Donald Trump in the 2016 United States presidential election. He also announced the formation of a super PAC pledging $150 million to push for corporate tax reform, in particular of tax inversions, which occur when corporations move their headquarters from the U.S. to take advantage of lower tax rates elsewhere.[93]

Upon becoming the presumptive Republican presidential nominee, Trump announced that he would nominate Icahn for United States Secretary of the Treasury.[94] However, he instead nominated Steven Mnuchin.[95][96]

On December 21, 2016, it was announced that Icahn would serve as special advisor to the president on regulatory reform under President Donald Trump and that Icahn would aid Trump in an "individual capacity" rather than as a federal employee, and that he would not have "specific duties" and therefore would not have to relinquish his business interests while serving as an advisor to Trump.[97] Icahn stepped down from this role on August 18, 2017, citing a desire not to interfere with the work of Neomi Rao as administrator of the Office of Information and Regulatory Affairs.[98][99][100][101][11]

In February 2018, Icahn avoided a $6 million loss by selling some of his holdings in a steel-price sensitive stock just days before the Trump administration announced a 25% tariff on steel imports.[102]

When the President had Icahn interview Scott Pruitt during consideration of his nomination as Administrator of the Environmental Protection Agency, Icahn specifically asked Pruitt about his position on the EPA's Renewable Fuel Standard.[103] Icahn spoke directly to President Trump and to Gary Cohn about his proposed changes to the ethanol rule.[103] CVR Energy, in which Icahn has 82% ownership, would save $205.9 million a year if Icahn's proposal was adopted.[103] The Sugar Land, Texas oil refinery benefited when President Trump made an exception to his regulation freeze to expand the tax advantage of master limited partnerships.[103] CVR Energy's stock doubled after President Trump's election, increasing $455 million in value.[103]

Personal life

In the summer of 1978, Icahn, then 41 years old, met Liba Trejbal, a 28-year-old ballerina from the former Czechoslovakia. She became pregnant 8 months later and Icahn offered to marry her if she signed a prenuptial agreement. They were married in March 1979. In October 1993, Liba filed for divorce and sued to invalidate the prenuptial agreement, claiming she signed it under duress due to the pregnancy. The divorce was settled in July 1999.[104][105][106][107][108] They have two children, Brett Icahn and Michelle Celia Icahn Nevin.[105] His nephew is Rick Schnall.[109]

In 1999, Icahn married his longtime assistant and former broker, Gail Golden.[107] She has two children from a previous marriage.[105]

Philanthropy

 
The Carl C. Icahn Laboratory at Princeton University
 
The Carl C. Icahn Center for Science at Choate Rosemary Hall

Icahn Stadium on Randall's Island in New York City is named after him, as is the Carl C. Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Hall, a prep school in Connecticut. This organization pays for tuition, room and board, books, and supplies for 10 students every year for four years (freshman–senior), an endowment valued at about $400,000 per annum.

Icahn made a substantial contribution to his alma mater, Princeton University, to fund a genomics laboratory which bears his name, the Carl C. Icahn Laboratory at the university's Institute for Integrated Genomics.[110] He also made large contributions to Mount Sinai Hospital, New York, of which he is a trustee, which in return named a building the Icahn Medical Institute designed by Davis Brody Bond, and also, in 2013, renamed the Mount Sinai School of Medicine as the Icahn School of Medicine at Mount Sinai.[111] The genomics institute led by Eric Schadt was renamed the Icahn Institute for Genomics and Multiscale Biology.[112]

His foundation, the Children's Rescue Fund, built Icahn House in The Bronx, a 65-unit complex for homeless families consisting of single pregnant women and single women with children, and operates Icahn House East and Icahn House West, both of which are homeless shelters in New York City.

In 2010, Icahn joined the Giving Pledge list, pledging to give away more than half his fortune.[113] Icahn is an activist investor, and has worked with the Humane Society of the United States in pushing McDonald's to achieve its pledge to end the sourcing of pork produced with gestation crates.[114]

In the media

Carl Icahn is featured in the 2022 HBO documentary Icahn: The Restless Billionaire directed by Bruce David Klein and Produced by Atlas Media Corp.

Awards and honors

Icahn has the following awards:

  • Golden Plate Award of the American Academy of Achievement in 1984,[115]
  • Starlight Foundation – Founders Award & 1990 Man of the Year Award.
  • Guardian Angel 2001 Man of the Year
  • In 2004, he was honored by the Center for Educational Innovation – Public Education Association for his work with charter schools.
  • In 2006, he was honored with the 100 Women in Hedge Funds Effecting Change Award for his outstanding contributions to improving education.

Thoroughbred horse racing

In 1985, Icahn established Foxfield Thoroughbreds, a horse breeding operation. At that year's Newstead Farm Trust sale run by Fasig-Tipton, he paid $4 million for Larida, a 6-year-old mare and a record $7 million for the 4-year-old bay mare Miss Oceana who was in foal to champion sire, Northern Dancer.[116]

Icahn's Meadow Star won the 1990 Breeders' Cup Juvenile Fillies and was voted the American Champion Two-Year-Old Filly.

In 1992, Foxfield ended its racing operation and became a commercial breeder, having bred more than 140 graded stakes race horses.

In 2004, Icahn shut down Foxfield, selling all his mares and weanlings without reserve at the Keeneland Sales November breeding stock auction.[117]

See also

References

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Further reading

External links

  • Official website
  • Profile of Carl Icahn – Forbes
  • Carl C. Icahn - Current Holdings
  • Carl Icahn: Business Insider
  • NexChange: Carl Icahn

July 05, 2023
carl, icahn, this, article, require, cleanup, meet, wikipedia, quality, standards, specific, problem, business, career, section, just, list, please, help, improve, this, article, april, 2022, learn, when, remove, this, template, message, carl, celian, icahn, ɑ. This article may require cleanup to meet Wikipedia s quality standards The specific problem is Business career section is just a list Please help improve this article if you can April 2022 Learn how and when to remove this template message Carl Celian Icahn ˈ aɪ k ɑː n born February 16 1936 is an American financier He is the founder and controlling shareholder of Icahn Enterprises a public company and diversified conglomerate holding company based in Sunny Isles Beach Florida Icahn s business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy Subsequently Icahn then pressures management to make the changes that he believes will benefit shareholders Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds 1 Carl IcahnIcahn at 1980s conferenceSpecial Advisor to the President on Regulatory ReformIn office January 20 2017 August 18 2017PresidentDonald TrumpPersonal detailsBornCarl Celian Icahn 1936 02 16 February 16 1936 age 87 New York City U S Spouse s Liba Trejbal m 1979 div 1999 wbr Gail Golden m 1999 wbr Children2 including Brett IcahnAlma materPrinceton University A B 1957 New York UniversityOccupationActivist shareholderKnown forFounding and Managing Icahn EnterprisesLeadership of Federal Mogul1980s corporate raider SignatureWebsitecarlicahn comIn the 1980s Icahn developed a reputation as a corporate raider after profiting from the hostile takeover and asset stripping of Trans World Airlines 2 3 Icahn is on the Forbes 400 and has a net worth of approximately 8 1 billion 4 to 24 billion 5 Since 2011 Icahn no longer manages money for outside clients although investors can invest in Icahn Enterprises 6 Contents 1 Early life and education 2 Business career 2 1 1961 2005 2 2 2005 2010 2 3 2010 2015 2 4 2015 present 3 Public policy and economic views 4 Personal life 5 Philanthropy 6 In the media 7 Awards and honors 8 Thoroughbred horse racing 9 See also 10 References 11 Further reading 12 External linksEarly life and education EditIcahn was born in Brooklyn to an Ashkenazi Jewish family 7 8 He was raised in the Far Rockaway Queens neighborhood of New York City where he attended Far Rockaway High School 9 His father Michael Icahn 10 a sworn atheist 11 12 was a cantor and later a substitute teacher His mother Bella nee Schnall also worked as a schoolteacher 10 13 Icahn graduated from Princeton University with an A B in philosophy in 1957 after completing a senior thesis titled The Problem of Formulating an Adequate Explication of the Empiricist Criterion of Meaning 14 He then entered New York University School of Medicine but he dropped out after two years to join the military reserve force 15 16 Business career Edit1961 2005 Edit This aircraft had originally been built in 1999 for Trans World Airlines as part of its last minute fleet renewal but due to Icahn s hostile takeover was instead sold to American Airlines In 1961 Icahn began his career as a stockbroker for Dreyfus Corporation 10 In 1963 he became an options manager for Tessel Patrick amp Co and then he moved to Gruntal amp Co 15 In 1968 with 150 000 of his own money and a 400 000 investment from his uncle M Elliot Schnall Icahn bought a seat on the New York Stock Exchange 10 and formed Icahn amp Co which focused on risk arbitrage and options trading 17 In 1978 in his first takeover attempt he took a controlling stake in Tappan and forced the sale of the company to Electrolux making a profit of 2 7 million or doubling his investment In 1979 he acquired Bayswater Realty amp Capital Corporation In 1983 he acquired ACF Industries and in 1985 he sold those shares to Phillips Petroleum making a 50 million profit 9 failed verification In 1985 by pooling his funds with investor funds and funds borrowed from banks Icahn acquired 50 of Trans World Airlines and he completely acquired the company in a leveraged buyout in 1988 2 Icahn systematically sold TWA s assets to repay money he owed which was described as asset stripping and made him known as a corporate raider In 1991 he sold TWA s London routes to American Airlines for 445 million 3 Icahn made a 469 million profit and left TWA with 540 million in debt He formed lowestfare com to sell TWA tickets and acquired portions of Global Leisure Travel from Ramy El Batrawi 18 In October 1986 Icahn launched an unsuccessful 8 billion hostile takeover for 89 of U S Steel the bid was dropped in January 1987 19 20 In 1991 he sold his stake in the company for 1 billion making a 200 million profit 21 In June 1989 in the largest share sale to date on the New York Stock Exchange Icahn sold his stake in Texaco for 2 billion making a profit of 700 million 22 In 1990 he offered to acquire Pan Am for 375 million 23 In 1994 he took a 6 6 interest in Western Company of North America as it was in the process of being acquired by BJ Services 24 In February 1997 Icahn sold his 7 3 interest in RJR Nabisco for a 125 million profit 25 In June 1997 Icahn took control of Marvel Comics in a rivalry with Ronald Perelman 26 In March 1998 he again bid for Pan Am offering 43 million 27 In December 1998 Icahn led an investor group that acquired a 5 stake in RJR Nabisco and pressured the company s management to separate its tobacco and food units 28 In July 2001 Icahn s Riverdale LLC lent Genesisintermedia 100 million and received options to purchase 5 5 million shares of the company at an average price of 5 09 29 In 2004 Icahn began raising 3 billion to form Icahn Partners a hedge fund 30 He took ownership stakes in Blockbuster Video and Time Warner In 2004 after Mylan announced a 4 billion stock deal to acquire King Pharmaceuticals Icahn purchased a large block of stock and threatened a proxy fight urging shareholders to vote against the acquisition 31 32 33 In February 2005 Mylan gave up its efforts to acquire King 34 2005 2010 Edit In 2005 XO Communications announced its intention to sell the wired part of its business for 700 million to Icahn who was then chairman and a large shareholder the money would be used to pay back its debts and to buy back its preferred stock for about 600 million from Icahn Icahn would have then owned the wired business outright and still own his 60 stake in XO 35 Despite Icahn s majority ownership and the board of directors declaring the deal to be in the best interest of shareholders R2 and other minority shareholders blocked the transaction through the court system in 2008 which charged Icahn with penalties due to his conflict of interest 36 In August 2006 Icahn bought stock in Take Two Interactive a video game publisher and increased his holdings to 11 3 in 2009 becoming the company s second largest shareholder 37 In January 2007 he purchased a 9 2 stake in Telik a biotech company engaged in cancer research He also acquired 6 1 million shares of WCI Communities later acquired by Lennar In May 2007 Icahn lost an election for a seat on the board of directors of Motorola despite owning 3 of the company 38 On February 9 2007 Lear Corporation s board of directors accepted a 2 3 billion takeover offer from Icahn 39 40 That month he also invested 50 million in Motricity a North Carolina based provider of mobile content delivery technology In September 2007 Icahn increased his stake in BEA Systems to 13 22 41 a few months before Oracle Corporation announced its acquisition of BEA Systems which Icahn supported 42 Beginning in 2007 Icahn gradually increased his stake in Biogen 43 44 In April 2007 Icahn sold his casino interests in Nevada including the Stratosphere Las Vegas Arizona Charlie s Boulder Arizona Charlie s Decatur and Aquarius Casino Resort which were operated through American Casino amp Entertainment Properties a subsidiary of Icahn Enterprises for 1 3 billion or 1 billion more than he paid for the properties to a unit of Goldman Sachs 45 In March 2008 Icahn sued Motorola as part of his effort to gain four seats on Motorola s board and force a sale of its mobile business 46 In May 2008 Icahn purchased a large block of shares in Yahoo and shortly thereafter threatened to start a proxy fight to remove Yahoo s board of directors in response to their rejection of a takeover bid by Microsoft 47 Instead he forced an agreement to expand Yahoo s board to eleven members including Icahn and two others of his choice 48 In June 2008 Icahn launched a blog The Icahn Report 49 In September October 2008 Icahn was involved in the rejected attempted purchase of Imclone by Bristol Myers Squibb and in the eventual sale of Imclone to Eli Lilly and Company for 6 5 billion in cash 50 In December 2008 he filed suit against Realogy over a proposed debt swap 51 In April 2009 Icahn engaged in a proxy battle for Amylin 52 In September 2009 he offered to buy the shares of XO he did not already own for 0 55 each He later raised his offer to 0 80 which ultimately expired In October he resigned from the board of directors at Yahoo 53 and by the following February had reduced his equity stake from a one time high of 75 million shares to 12 million shares 54 In February 2010 Icahn through a subsidiary of his Icahn Enterprises LP acquired the Fontainebleau Las Vegas for about 150 million In March he was one of a group of lenders who purchased Tropicana Casino amp Resort Atlantic City bringing the company out of bankruptcy for 200 million In March 2011 he conducted a failed takeover bid for Lionsgate Films 55 In May 2010 he announced the purchase of an 8 54 stake in Lawson Software 56 2010 2015 Edit In May 2010 Icahn held a 6 9 stake in Mentor Graphics 57 increasing to 14 in July Mentor s retaliation with a shareholder rights plan failed to deter Icahn who in February 2011 made an unsuccessful offer to buy the company for about 1 86 billion in cash 58 In January 2011 Icahn offered to buy Clorox for 10 2 billion 59 By February he had accumulated a 9 08 stake in the company 60 In October 2012 Icahn reported a 10 stake in Netflix 61 62 In November 2012 he tried to gain control of the board of directors of Oshkosh Corporation 63 In February 2013 Forbes listed Icahn as one of the 40 highest earning hedge fund managers 64 By April 2013 Icahn accumulated a 9 2 stake in Nuance Communications 65 On August 2 2013 Icahn sued computer giant Dell and its board in an attempt to derail a 24 4 billion buyout bid by the CEO Michael Dell in favor of his own rumored forthcoming bid 66 In October 2013 Icahn held 4 7 million shares of Apple Inc 67 68 69 The same month Icahn acquired around 61 million shares in Talisman Energy leading to a surge in the share price 70 Also that month he sold about 50 of his shares in Netflix for a profit in excess of 800 million in less than one year In November 2013 he acquired a 12 5 interest in Hologic a medical device and diagnostics manufacturer In January 2014 Icahn invested another half billion dollars in Apple Inc 71 Also in January 2014 Icahn pushed eBay to complete the corporate spin off of PayPal This started a proxy fight which was settled by April 72 In October 2014 Icahn invested in Talisman Energy The company s stock price went down by 71 and he sold his shares two months later 73 2015 present Edit On May 15 2015 Icahn made a 100 million investment in Lyft 74 In November 2015 Icahn hired CBRE Group to market the unfinished Fontainebleau Las Vegas to potential buyers 75 Also in November 2015 he swapped his stake in eBay for shares in PayPal 76 Also in November 2015 Icahn disclosed a 7 13 stake in Xerox 77 In December 2015 Icahn offered to acquire Pep Boys 78 He also raised his stake in Cheniere Energy to 13 8 making him its largest shareholder 79 In August 2017 Icahn sold the unfinished Fontainebleau Resort Las Vegas for 600 million more than four times what he paid 80 In January 2016 Icahn disclosed a 4 66 stake in Gannett Company 81 and also held shares in Cheniere Energy and Freeport McMoRan both of which declined in value 73 Icahn sold his Apple shares in April 2016 citing concerns about Apple s relationship with China 82 In August 2016 Icahn increased his stake in Herbalife Nutrition to 21 83 Also in October 2016 Icahn closed the Trump Taj Mahal Casino in Atlantic City citing a 350 million loss over several years as well as failure to reach a deal with striking union workers Nearly 3 000 workers lost their jobs 84 85 In November 2016 he increased his holdings in the car rental company The Hertz Corporation after the company s stock price had declined significantly 86 In 2017 Icahn acquired a 9 7 stake in Conduent sold out of Allergan and Nuance Communications and increased his stakes in Navistar International and Herbalife Nutrition 87 In May 2020 Icahn sold his entire 39 stake or 55 3 million shares of Hertz Global for 72 cents a share He lost almost 2 billion on the investment 88 In February 2022 Icahn who held 200 shares of the company nominated two people for election to McDonald s board of directors in what may be the first step toward a proxy fight 89 Icahn aims to pressure McDonald s to improve conditions of pigs raised by its suppliers 90 However in May 2022 only 1 of McDonald s shareholders voted in favor of nominees put forward by Icahn scoring a victory against his demands for the improvement of conditions in which pigs are raised In its statement McDonald s claimed it is already moving towards a more humane approach to the issue since its pledge in 2012 adding that Icahn s demands were unreasonable 91 In May 2023 short seller Hindenburg Research released an analysis of Icahn s public company Icahn Enterprises that claims the company is over valued due to paying large dividends using investments from new investors In addition the analysis claims that Icahn took out loans against a majority of his holdings and that these have the potential to be called should the stock price move downward On the day of the release of this analysis the share price of Icahn Enterprises dropped by 20 92 Public policy and economic views EditIcahn endorsed Donald Trump in the 2016 United States presidential election He also announced the formation of a super PAC pledging 150 million to push for corporate tax reform in particular of tax inversions which occur when corporations move their headquarters from the U S to take advantage of lower tax rates elsewhere 93 Upon becoming the presumptive Republican presidential nominee Trump announced that he would nominate Icahn for United States Secretary of the Treasury 94 However he instead nominated Steven Mnuchin 95 96 On December 21 2016 it was announced that Icahn would serve as special advisor to the president on regulatory reform under President Donald Trump and that Icahn would aid Trump in an individual capacity rather than as a federal employee and that he would not have specific duties and therefore would not have to relinquish his business interests while serving as an advisor to Trump 97 Icahn stepped down from this role on August 18 2017 citing a desire not to interfere with the work of Neomi Rao as administrator of the Office of Information and Regulatory Affairs 98 99 100 101 11 In February 2018 Icahn avoided a 6 million loss by selling some of his holdings in a steel price sensitive stock just days before the Trump administration announced a 25 tariff on steel imports 102 When the President had Icahn interview Scott Pruitt during consideration of his nomination as Administrator of the Environmental Protection Agency Icahn specifically asked Pruitt about his position on the EPA s Renewable Fuel Standard 103 Icahn spoke directly to President Trump and to Gary Cohn about his proposed changes to the ethanol rule 103 CVR Energy in which Icahn has 82 ownership would save 205 9 million a year if Icahn s proposal was adopted 103 The Sugar Land Texas oil refinery benefited when President Trump made an exception to his regulation freeze to expand the tax advantage of master limited partnerships 103 CVR Energy s stock doubled after President Trump s election increasing 455 million in value 103 Personal life EditIn the summer of 1978 Icahn then 41 years old met Liba Trejbal a 28 year old ballerina from the former Czechoslovakia She became pregnant 8 months later and Icahn offered to marry her if she signed a prenuptial agreement They were married in March 1979 In October 1993 Liba filed for divorce and sued to invalidate the prenuptial agreement claiming she signed it under duress due to the pregnancy The divorce was settled in July 1999 104 105 106 107 108 They have two children Brett Icahn and Michelle Celia Icahn Nevin 105 His nephew is Rick Schnall 109 In 1999 Icahn married his longtime assistant and former broker Gail Golden 107 She has two children from a previous marriage 105 Philanthropy Edit The Carl C Icahn Laboratory at Princeton University The Carl C Icahn Center for Science at Choate Rosemary Hall Icahn Stadium on Randall s Island in New York City is named after him as is the Carl C Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Hall a prep school in Connecticut This organization pays for tuition room and board books and supplies for 10 students every year for four years freshman senior an endowment valued at about 400 000 per annum Icahn made a substantial contribution to his alma mater Princeton University to fund a genomics laboratory which bears his name the Carl C Icahn Laboratory at the university s Institute for Integrated Genomics 110 He also made large contributions to Mount Sinai Hospital New York of which he is a trustee which in return named a building the Icahn Medical Institute designed by Davis Brody Bond and also in 2013 renamed the Mount Sinai School of Medicine as the Icahn School of Medicine at Mount Sinai 111 The genomics institute led by Eric Schadt was renamed the Icahn Institute for Genomics and Multiscale Biology 112 His foundation the Children s Rescue Fund built Icahn House in The Bronx a 65 unit complex for homeless families consisting of single pregnant women and single women with children and operates Icahn House East and Icahn House West both of which are homeless shelters in New York City In 2010 Icahn joined the Giving Pledge list pledging to give away more than half his fortune 113 Icahn is an activist investor and has worked with the Humane Society of the United States in pushing McDonald s to achieve its pledge to end the sourcing of pork produced with gestation crates 114 In the media EditCarl Icahn is featured in the 2022 HBO documentary Icahn The Restless Billionaire directed by Bruce David Klein and Produced by Atlas Media Corp Awards and honors EditIcahn has the following awards Golden Plate Award of the American Academy of Achievement in 1984 115 Starlight Foundation Founders Award amp 1990 Man of the Year Award Guardian Angel 2001 Man of the Year In 2004 he was honored by the Center for Educational Innovation Public Education Association for his work with charter schools In 2006 he was honored with the 100 Women in Hedge Funds Effecting Change Award for his outstanding contributions to improving education Thoroughbred horse racing EditIn 1985 Icahn established Foxfield Thoroughbreds a horse breeding operation At that year s Newstead Farm Trust sale run by Fasig Tipton he paid 4 million for Larida a 6 year old mare and a record 7 million for the 4 year old bay mare Miss Oceana who was in foal to champion sire Northern Dancer 116 Icahn s Meadow Star won the 1990 Breeders Cup Juvenile Fillies and was voted the American Champion Two Year Old Filly In 1992 Foxfield ended its racing operation and became a commercial breeder having bred more than 140 graded stakes race horses In 2004 Icahn shut down Foxfield selling all his mares and weanlings without reserve at the Keeneland Sales November breeding stock auction 117 See also EditList of people and organisations named in the Paradise PapersReferences Edit Goldstein Matthew May 3 2019 Billionaire Carl Icahn Discloses Subpoena Over Stock Trading The New York Times a b Kiviat Barbara February 15 2007 10 Questions for Carl Icahn Time Archived from the original on May 29 2013 a b Grant Elaine X October 2005 TWA Death Of A Legend St Louis Magazine Archived from the original on November 21 2008 Carl Icahn Forbes Carl Icahn Bloomberg com Bloomberg L P Herbst Bayliss Svea March 8 2011 Icahn to return his clients money Reuters The world s 50 Richest Jews 11 20 The Jerusalem Post September 7 2010 Archived from the original on June 15 2013 Berrin Danielle March 19 2010 Jewish billionaire Carl Icahn wants to buy all of Lionsgate The Jewish Journal of Greater Los Angeles Archived from the original on January 30 2012 a b About Archived from the original on December 26 2016 a b c d Auletta Ken March 12 2006 The Raid How Carl Icahn came up short The New Yorker Archived from the original on October 7 2018 a b Keefe Patrick Radden Carl Icahn s Failed Raid on Washington Was President Trump s richest adviser focused on helping the country or his own bottom line The New Yorker No August 28 2017 Archived from the original on August 21 2017 One More Jewish Billionaire Can t Hurt Carl Icahn Trump s Next Regulations Czar The Jewish Press December 22 2016 Gopinath Deepak March 23 2006 Icahn Gambles on Golf Resort Casinos Sausage Casing Makers Bloomberg News Icahn Carl Celian 1957 The Problem of Formulating an Adequate Explication of the Empiricist Criterion of Meaning Thesis Archived from the original on June 18 2020 a b Carl C Icahn Biography Encyclopaedia Britannica June 11 2023 Wile Rob Lopez Linette January 26 2013 The Fabulous Life Of Carl Icahn Investing King And Bill Ackman s Nemesis Business Insider Feinberg Andrew Carl Icahn Better Investor Than Buffett Kiplinger s Personal Finance Archived from the original on August 29 2015 Del Rosso Laura November 2 1999 Sale of portions of Global Leisure to Carl Icahn Northstar Travel Group Archived from the original on February 24 2016 Icahn Drops Bid For Usx Investor Group May Deal Directly With Steelmaker s Shareholders Orlando Sentinel Chicago Tribune January 9 1987 Archived from the original on February 12 2015 Salpukas Agis January 9 1987 ICAHN ENDS HIS OFFER FOR USX The New York Times Holusha John May 15 1991 Icahn Sale Of USX Stock Seen The New York Times Cole Robert J June 2 1989 Icahn Sells His Texaco Holdings The New York Times Salpukas Agis December 26 1990 Icahn Gives A Warning To Pan Am The New York Times COMPANY NEWS ICAHN GROUP MAY SEEK WESTERN COMPANY TIE The New York Times Reuters October 15 1994 Icahn sells his RJR stake CNN February 27 1997 Norris Floyd June 21 1997 Icahn Led Bondholders Take Control of Marvel From Perelman The New York Times Swoboda Frank March 14 1998 ICAHN BIDS 43 MILLION FOR PAN AM The Washington Post Icahn eyes RJR again CNN December 22 1998 In Re GenesisIntermedia Inc Securities Litigation 03 CV PDF Carl Icahn Fast Facts CNN January 31 2021 Lara Cinisomo Vincent December 15 2004 Icahn reiterates interest in Mylan buy American City Business Journals SEC Resolves Empty Voting Action Involving King Mylan Merger Harvard Law School August 19 2009 Kennedy Val Brickates September 8 2004 Mylan Icahn opposing King merger MarketWatch Kennedy Val Brickates February 28 2005 King Mylan Labs terminate merger MarketWatch Knight Jerry November 14 2005 Carl Icahn s Latest Shuffle The Washington Post Nocera Joe August 30 2008 The Kettle The Pot Says He s Black The New York Times Madway Gabriel December 21 2009 Icahn stake raises chance of Take Two buyout Reuters Archived from the original on July 17 2010 Klayman Ben May 7 2007 Icahn says may not get Motorola board seat Reuters Bailey David February 9 2007 Lear accepts sweetened Icahn bid Pzena not swayed Reuters Archived from the original on November 5 2017 Lear Announces Expiration of Solicitation Period for Alternative Acquisition Proposal Press release Lear Corporation March 27 2007 Archived from the original on October 27 2017 Paul Franklin October 3 2007 Icahn further raises BEA stake to 13 22 percent Reuters Archived from the original on January 11 2009 Oracle buying BEA Systems for 8 5 billion The New York Times January 6 2008 Wallack Todd August 28 2007 Biogen Idec appears to be in Icahn s sights The Boston Globe Archived from the original on December 2 2008 Kouwe Zachery June 3 2009 Icahn Places Two Allies on the Biogen Idec Board The New York Times Archived from the original on October 27 2017 A Goldman Sachs unit is buying 4 casinos from Carl Icahn The New York Times April 23 2007 Icahn sues Motorola for access to documents Reuters com March 25 2008 Archived from the original on January 12 2009 Liedtke Michael May 15 2008 Icahn to Yahoo board Sell or leave Associated Press Archived from the original on October 27 2017 Investor Icahn gets 3 board seats in Yahoo deal ABC News USA Today July 22 2008 Archived from the original on June 28 2018 Hamilton Dane June 18 2008 Icahn says blog to go live on Thursday Reuters MURPHY TOM October 30 2008 Eli Lilly to buy ImClone for more than 6B Associated Press Archived from the original on October 27 2017 Prasad Sakthi December 3 2008 Icahn sues Realogy over debt deal Reuters Archived from the original on February 14 2009 Staton Tracy April 20 2009 Amylin Icahn aims for sale to Lilly FiercePharma Archived from the original on October 16 2014 Savitz Eric October 23 2009 Yahoo Icahn Quits Board Having Accomplished Not Much Barron s Archived from the original on July 23 2011 Paczkowski John February 16 2010 Icahn Cans Yahoo AllThingsD Archived from the original on June 23 2010 Lynch Jack August 30 2011 Icahn Finally Ends His Battle With Lions Gate The New York Times Archived from the original on October 27 2017 Finkle Jim May 24 2010 Icahn acquires stake in Lawson Software Reuters Archived from the original on November 5 2017 Tibken Shara February 23 2011 Icahn Makes 1 91 Billion Bid for Mentor Graphics The Wall Street Journal ISSN 0099 9660 Archived from the original on November 14 2016 Rogoway Mike February 22 2011 Investors skeptical of Carl Icahn s 1 9 billion bid for Mentor Graphics The Oregonian Sailors John July 15 2011 Icahn makes 10 2B bid for Clorox American City Business Journals Wohl Jessica February 11 2011 UPDATE 3 Icahn takes 9 pct stake in Clorox shares soar Reuters Archived from the original on October 17 2015 Richwine Lisa Kim Soyoung October 31 2012 Netflix shares soar after Icahn reports 10 percent stake Reuters Archived from the original on November 5 2012 Boorstin Julia October 31 2012 Icahn Netflix Play Sends Stock Soaring CNBC Archived from the original on March 25 2018 Barrett Rick Icahn says he ll move on if bid to control Oshkosh Corp fails Milwaukee Journal Sentinel Archived from the original on December 3 2012 Vardi Nathan February 26 2013 The 40 Highest Earning Hedge Fund Managers amp Traders 2013 Forbes Archived from the original on August 4 2017 Krause Reinhardt April 2 2013 Carl Icahn Seen Pushing Nuance To Divest Restructure Investor s Business Daily Archived from the original on May 13 2013 Gupta Poornima Chan Edwin August 1 2013 Icahn sues Dell in latest attempt to foil buyout Reuters Carl Icahn Discloses Large Stake in Apple in Tweet Bloomberg News Archived from the original on October 18 2014 Kim Susanna August 14 2013 Apple AAPL Stock Surges After Billionaire Carl Icahn s Tweets ABC News Archived from the original on September 8 2019 Carl Icahn Owned 3 9 Million Shares Of Apple As Of September 30 Business Insider Reuters November 15 2013 Archived from the original on November 25 2013 Driver Anna October 8 2013 Talisman Energy shares surge as Carl Icahn acquires stake Reuters Archived from the original on September 24 2015 Ablan Jennifer January 28 2014 As Apple shares fall Icahn buys another 500 million Reuters Archived from the original on October 17 2015 eBay Inc and Carl Icahn Settle Proxy Fight Press release eBay April 10 2014 Archived from the original on April 13 2014 a b Crowe Portia January 16 2016 Carl Icahn s commodities bets are backfiring Business Insider Archived from the original on January 17 2016 Sachin R Sai McBride Sarah May 15 2015 Carl Icahn invests 100 million in ride sharing service Lyft Reuters Archived from the original on October 17 2015 Karman Craig O Keeffe Kate November 11 2015 Carl Icahn Looking to Sell the Fontainebleau Las Vegas The Wall Street Journal Archived from the original on March 12 2017 Icahn exits eBay stake opts for PayPal after spinoff CNBC November 16 2015 Archived from the original on August 31 2017 Tharakan Anya George Nair Arathy S November 23 2015 Icahn takes stake in Xerox calls shares undervalued Reuters Orland Kevin December 7 2015 Pep Boys Rises After Icahn Takes Stake With Eye Toward Deals Bloomberg News Archived from the original on March 12 2017 Pramuk Jacob December 7 2015 Carl Icahn raises Cheniere stake to 13 8 from 12 7 DJ CNBC Archived from the original on August 31 2017 Sharf Samantha Carl Icahn Unloads Unfinished Las Vegas Casino For 600 Million More Than Four Times What He Paid Forbes Archived from the original on January 5 2019 Assis Claudia January 13 2016 Carl Icahn discloses 4 66 stake in Gannett MarketWatch Archived from the original on January 16 2016 Hern Alex April 28 2016 Billionaire investor Carl Icahn sells entire stake in Apple The Guardian ISSN 0261 3077 Archived from the original on April 29 2016 English Carleton August 30 2016 Carl Icahn backs Bill Ackman into a corner in Herbalife battle New York Post Gara Antoine October 10 2016 Billionaire Carl Icahn Closes The Trump Taj Mahal Casino After Union Standoff Forbes Archived from the original on October 11 2016 Jeffery Adam October 10 2016 Trump Taj Mahal closes after 26 years 5th casino casualty CNBC Archived from the original on October 10 2016 Welch David Boston Claire November 9 2016 Icahn Doubles Down on Hertz as Missed Earnings Punish Stock Bloomberg News Archived from the original on November 12 2016 Jinks Beth May 15 2017 Icahn Adds New Stake in Conduent Exits Allergan and Nuance Bloomberg News Archived from the original on May 16 2017 Isidore Chris May 28 2020 Carl Icahn lost 2 billion betting on Hertz CNN Gibson Kate February 22 2022 Carl Icahn takes on McDonald s over unnecessary suffering by pigs CBS McDonald s Board of Directors Issues Statement in Response to Carl Icahn Bloomberg News February 20 2022 Retrieved April 14 2022 a href Template Cite news html title Template Cite news cite news a CS1 maint url status link McDonald s defeats Carl Icahn in vote over pigs BBC News May 26 2022 Retrieved May 27 2022 Icahn Enterprises Plunge Just One of Short Seller Hindenburg s Many Big Hits Bloomberg News May 1 2023 Retrieved May 1 2023 Haberman Maggie October 21 2015 Carl Icahn Supporter of Donald Trump Plans 150 Million Super PAC The New York Times Archived from the original on March 11 2018 Swanson Ana September 29 2015 Donald Trump s first Cabinet pick is just as controversial as he is and a lot richer The Washington Post Archived from the original on June 10 2016 Trump s Man Steve Mnuchin Wall Street Hollywood and Now Treasury Archived from the original on August 12 2017 Senate Confirms President Trump s Treasury Secretary Pick Steven Mnuchin Archived from the original on May 4 2017 Pramuk Jacob December 21 2016 Trump names Icahn as special advisor on regulation vows to shred Obama rules CNBC Archived from the original on August 19 2017 Donald Trump Enlists Carl Icahn as His Special Adviser on Regulations Fortune Reuters December 21 2016 Archived from the original on August 19 2017 Carl Icahn Issues Statement Carl Icahn carlicahn com August 18 2017 Archived from the original on February 7 2019 Wattles Jackie August 18 2017 Billionaire Carl Icahn steps down as adviser to President Trump CNN Archived from the original on August 19 2017 Trump adviser resigned ahead of negative magazine story Associated Press Archived from the original on August 20 2017 Rushe Dominic March 2 2018 Ex Trump adviser sold 31m in shares days before president announced steel tariffs The Guardian Archived from the original on March 2 2018 a b c d e Lipton Eric March 27 2017 Icahn Raises Ethics Flags With Dual Roles as Investor and Trump Adviser The New York Times Archived from the original on April 4 2017 Icahn v Todtman H2O Harvard Law School United States District Court for the Southern District of New York October 1 2001 a b c Auletta Ken March 20 2006 The Raid The New Yorker Archived from the original on April 12 2013 Slater Robert 1999 The Titans of Takeover Beard Books p 83 ISBN 9781893122505 Archived from the original on February 15 2017 a b Icahn The Once And Future Dealmaker Bloomberg News June 11 2000 Archived from the original on September 28 2012 Gregorian Dareh July 22 1999 ICAHN DIVORCE FINALLY A DONE DEAL New York Post McDonald Lawrence G October 12 2010 A Colossal Failure of Common Sense The Inside Story of the Collapse of Lehman Brothers Crown Publishing Group p 26 ISBN 9780307588340 Archived from the original on October 27 2020 Icahn Family Foundation Gives 20 Million for New Genomics Laboratory Press release Princeton University October 21 1999 Archived from the original on June 11 2020 Hartocollis Anemona November 14 2012 200 Million Gift and a New Name for Mt Sinai Medical School The New York Times ISSN 0362 4331 Icahn pledges 200 mln to Mount Sinai medical complex Reuters November 15 2012 Archived from the original on June 29 2020 Adeneji Ade April 6 2015 Carl Icahn Will Give Away Over 20 Billion But When And Where Will the Money Go Inside Philanthropy Archived from the original on April 8 2015 Why Carl Icahn Is Ready For Proxy Fight Over How McDonald s Sources Pork MSN Retrieved February 20 2022 Golden Plate Awardees of the American Academy of Achievement American Academy of Achievement Archived from the original on December 15 2016 Broodmare Brings Record 7 Million The New York Times United Press International November 11 1985 Biles Deirdre B November 9 2004 Foxfield Phasing Out Breeding Operation at Keeneland Sale The Blood Horse Further reading EditBruck Connie 1988 Chapter 8 Icahn TWA From Greenmailer to Manager Owner The Predators Ball New York Penguin ISBN 978 0 14 012090 5 Stevens Mark Stevens Carol Bloom 1993 King Icahn The Biography of a Renegade Capitalist New York E P Dutton ISBN 978 0525936138 External links EditOfficial website Profile of Carl Icahn Forbes Carl C Icahn Current Holdings Carl Icahn Business Insider NexChange Carl Icahn Retrieved from https en wikipedia org w index php title Carl Icahn amp oldid 1163173401, wikipedia, wiki, book, books, library,

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