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Carl Icahn Biography

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Carl Icahn
Carl Icahn Biography (Carl Celian Icahn): Investor and Entrepreneur
Famous for : Buying and selling large stakes in major companies, hostile takeovers, and for being a billionaire according to Forbes magazine.
Icahn details : Born - 1936 USA / Lives - United States of America


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Carl Icahn

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Carl Icahn is a well known investor and businessman that has amassed a great fortune from buying and selling major companies. Some have labeled Icahn a "corporate raider" or "imperial shareholder" that is only out to tear companies apart for short term profits, but he refers to himself as a "shareholder activist" that is keeping managers accountable. Throughout the 1980s Icahn profited greatly from major companies like the airline TWA (Trans World Airlines), USX (United States Steel Corporation), and Texaco oil.

Carl Celian Icahn was born and raised in New York, USA. He was raised in a middle class home with his father being a lawyer and his mother being a teacher. Icahn went on to receive a Bachelor of Arts and Science at the Princeton University, New Jersey and dropped out of the New York University School of Medicine after 2 years.

Icahn made much of his money during the 1980s because of the "The Junk Bond King", Michael Milken.

The American financier is known to buy large stakes in major companies and attempt to bring about change in management, forcing them to improve their performance. This often means that he is either bought out or the company is broken up and sold at a large profit.

"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." Carl Icahn

More recently the activist investor has been involved in a very public battle with the Time Warner CEO Richard Parsons. Icahn has called the company "bloated" and plans to dismantle the Time Warner company into four parts (America Online, Time Warner Cable, the publishing arm, and the television / film arm). Icahn and his investment group owns 3% of Time Warner.

"A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses." Carl Icahn

In 2005 Forbes business magazine estimated Carl Icahn's net worth to be $7.8 billion American dollars, making him the 49th richest person in the world.




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Carl Icahn Quotes Carl Icahn Quotes


With some exceptions, the wrong people are running U.S. companies. It's been that way for years, and it hasn't gotten much better.
Carl Icahn - Management - Companies
- Criticism

You learn in this business.. If you want a friend, get a dog.
Carl Icahn - Business - Learning


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Carl Icahn Biography


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