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 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.
available believe board enhance extent management move value
To the extent that opportunities are now available to enhance value at AOL, which we believe there are, we implore management and the Board to move more decisively than they have in the past.
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.
enhanced happy value
We're happy that value for all shareholders is enhanced through this offer.
allowed belief control enhanced greatly joint might partner proper purpose serve value venture
It is my belief that, if the proper partner were allowed to have control of AOL, shareholder value would be much more greatly enhanced than through a half-hearted joint venture that might only serve the purpose of entrenching management.
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 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,
becoming capital funds hold mutual win
Mutual funds are becoming more attuned. If you have the capital to hold out, you will win in the end.