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
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.
entertainment global growing help hope marvel resolution restore save sincerely time
We sincerely hope that this important resolution has come in time to save Marvel and help restore it to its preeminent place in the growing global entertainment business.
aol best company deal enhancing great investment point proves stock time value
Doing this AOL deal is on the way, but not enough, to enhancing shareholder value at Time Warner, ... It proves my point that there is a great deal of unrealized value here. The best investment the company can make is in their own stock at this time.
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.
earnings management time
Their earnings are way down. It's time for management to go,
broke concept saying stock time
If you just broke it up, the stock would be higher. In Time Warner, we're saying the conglomerate concept does not work.
bottom capital funds gave invested investor market money needed people return time
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.
act believe board cardinal committed committing currently directors life management move paralysis process second sin slowly suffer time top
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.
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.