Carl icahn political party

Name: Carl Celian Icahn

Date of birth: 16/02/1936

Net worth: $16.7B

Starting point: Carl Icahn, the only child in his family, was born in Queens, New York. 

High point: 

• His parents were teachers. He graduated from Princeton University with a Bachelor of Arts degree in philosophy in 1957. Then he enrolled in New York University School of Medicine.

Low point: 

• He dropped out of it after two years of studies.

High point: 

• With the help of the funds from his uncle and his own funds, he established his firm, Icahn & Co., that focuses on risk arbitrage and options trading in 1968.

• In 1978, he began taking control of the voting rights in individual companies.

Low point: 

• Slowly but steadily, he gained the reputation of a “corporate raider” - a person who uses their company shares to influence a company’s management. 

• He was also accused of “green mailing” several times - he threatened a company’s management to repurchase the shares at

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  Who Is Carl Icahn?

  Carl Icahn is one of Wall Street's most successful figures. In the 1980s, this corporate raider—using Drexel Burnham's junk bonds—became known as a vulture capitalist, taking positions in public companies and initially demanding extreme changes in their corporate leadership and management styles. Often, targets paid him "greenmail" money, with the stipulation that he would step away from his target.

  By the end of the 20th century, his reputation changed, as he became a shareholder activist. Investors followed his lead and bought into the businesses he set his focus upon. The increase in stock price caused by the anticipation that Icahn would uncover shareholder value became known as the "Icahn lift".

  Key Takeaways

  • Carl Icahn is a billionaire investor who adopted the contrarian investment strategy of buying stocks that "no one wants."
  • Icahn argues that most CEOs are overpaid and that their salaries are not comparable to shareholder returns.
  • To deliver value to shareholders, Icahn purchases a large number of a corporation's shares and the
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    Carl Icahn

    As a leading shareholder activist, Carl Icahn’s efforts have unlocked billions of dollars of shareholder and bondholder value and have improved the competitiveness of American companies. He and his affiliated companies currently own businesses in a wide range of industries, including real estate, telecommunications, transportation, industrial services, oil refining and manufacturing. Companies in which he and his affiliates currently own majority positions include American Railcar, XO Communications, PSC Metals, Tropicana Entertainment, Viskase Companies, CVR Energy, WestPoint Home, Icahn Enterprises LP, and Federal-Mogul. He and his affiliated companies also own stakes in many other public companies. Icahn Enterprises LP, his flagship company, has acquired many of these positions.

    Carl is a New York City native and grew up in Far Rockaway, Queens. After receiving a degree in philosophy from Princeton University in 1957, he attended medical school at New York University and then joined the Army. In 1961 Carl began his career on Wall Street. He has gone on to become on