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
particularly important at Time Warner because of the difference of opinion between many large shareholders and management concerning the direction of the company and the lack of share price performance under current management.
If we are able to conduct such a due diligence review, we believe that we may be in a position to make an offer for the entire company at a substantially increased price.
Their earnings are way down. It's time for management to go,
Investors need to understand what level of debate actually occurred. Sunlight must be shed on the board's deliberations and a full account of the details of any studies conducted should be made immediately available to investors.
If VISX agrees with me to submit to a vote of shareholders the best offer of $32 per share or higher from any qualified bidder, then I will be willing to commit the significant funds needed to commence the necessary effort to conduct due diligence and to attempt to raise the financing for the transaction,
If you just broke it up, the stock would be higher. In Time Warner, we're saying the conglomerate concept does not work.
By agreeing to implement the critical corporate reforms we have supported for several months, Dick Parsons is making great strides toward enhancing shareholder value.
In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.
In life and in business, there are two cardinal sins,
In life and business, there are two cardinal sins, ... The first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second; now is not a time to move slowly and suffer the paralysis of inaction.
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,