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
looks interest shareholders
I have to look out for the shareholder’s interests, and I’m the largest shareholder.
acquired believe market shares
The registrants acquired the shares because they believe that the shares are undervalued in the market place,
against attempt business buying cable capital challenges growing investor management offered plan reasons rejects return separating separation several shares silence time weak
Time Warner management has offered several reasons for not completely separating the cable business and buying back Time Warner shares aggressively, ... rejects management's arguments against separation and challenges management's capital return plan as a weak attempt to silence growing investor criticism.
company concerning current difference direction lack large management opinion performance price share time
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.
attempt best commence commit conduct diligence due effort financing funds higher necessary needed offer per qualified raise share submit vote willing
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,
actions believes current gap group narrow price share time true value
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,
company greatly major
is greatly undervalued and that the company is in need of a major restructuring.
low provide recovery successful
provide a very low or no possibility of a successful recovery for the bonds.
against although chance funds gives mutual others sitting slam vote
Most of the hedge funds will vote with me and there will be some transference from some of the mutual funds, although others won't go against a sitting incumbent. It's no slam dunk, but we have a better chance then the world gives us.
believe company continue greatly major stock time
We continue to believe that Time Warner's stock is greatly undervalued and that the company is in need of a major restructuring,
assets believe board despite fact favorable generally given management operating price since steps stock time
Given the fact that, despite its exceptional assets and a generally favorable operating environment, the company's stock price has underperformed significantly since 2002, we believe the time for steps to make the board and management more accountable are long overdue,
believe both broken cost excessive great huge layers literally management structure time value
I believe there is great value for Time Warner if it were broken into parts, ... get away from the huge cost structure and excessive layers of management at the top, both literally at the Time Warner Center, and figuratively.
believe buy cause certain companies explained flattered hart hope investors might news price profit risks running sell taking
Certain companies have publicized my Hart Scott filings in the hope that this might induce investors into running the price up, which might cause me to sell my shares, make a profit and become uninvolved in the company, ... While I am flattered that investors would buy on the news that I have made a Hart Scott filing, I believe that they are taking risks which are not being explained to them by the companies making the disclosure.
act board business claimed interests last management spinning tobacco
Last year, the company's board and management claimed to act in the interests of stockholders by spinning off the tobacco business of RJR Nabisco,