Carl Icahn is one of the industrialists of the nation. This 1936, 16th February born billionaire is an ace financier, an aggressive corporate raider and a top class investor in the private equity sector. According to the 2007 statistics his net monetary worth was $14.5 billion that made him grab the prestigious 18th position in the richest men listing of America. As of 2007, Carl Icahn and his associates own large parts of ACF Industries, XO Communications, American Railcar Industries, NYSE-listed Icahn Enterprises (earlier known as American Real Estate Partners) and Philip Services.
Carl Icahn is the Chairman of the American Railcar Industries, Imclone, Icahn Enterprises, LP, Cadus, XO Communications and WestPoint Home Inc. The Adventrx Pharmaceuticals Inc., Vecotr Group Ltd. has chosen Cahn as its beneficial owner. He also had considerable assets in Time Warner Inc. He holds the position of the director of Blockbuster Inc. The NYSE listed Icahn Enterprises subsidiary American Entertainment Properties operates Arizona Charlie Decatur, Las Vegas, Nevada (sale of which is yet to be done), Arizona Charlies Boulder and Stratosphere in which Icahn has casino interests. Icahn also made an attempt to take over Marvel comics.
Carl Icahn bought big stocks of the Mylan Laboratories in 2004 that was trying to get King Pharmaceuticals, Bristol, Tennessee. But the deal could not be materialized and ultimately the following year, Mylan Laboratories stopped taking pains to acquire King Pharmaceuticals. Korea Tobacco and Ginseng (KT & G) stake of Icahn was sold off in 2006, for a fast single year profit. Icahn owns about 3.3 percent of Time Warner and it s worth runs to the tune of billions. Carl Icahn tried to become one of the biggest shareholders of the company. But on the 17th of February Icahn along with his Time Warner associates decided not to contest in the board of directors panel.
Time Warner in return, declared to buy stock worth $20 billion, encourage more independent member nominations, and chop off 1 billion dollar worth expenditure and hold important company related discussions with Carl Icahn and his associates, specifically in matters related to Time Warner Cable. In 2006 August, Cahn took stock in Take Two Interactive and in 2007 January it was declared that he owned 6.1 million shares of WCI Communities Inc, thus becoming its beneficial owner. On the 9th of March 2008, 60 minutes, a news program, reported Cahns life through its reporter Leslie Stahl.
Carl Icahn was brought up in Far Rockaway, Queens, New York City. He did his education from Princeton University, where he did his AB in Philosophy in 1957. He was a philanthropist and he made many donations in this effort of his. The Carl C. Icahn Centre for Science, Icahn Scholar Program, contributions to the children rescue fund and to his Alma Mater are examples of a few of these.
Carl Icahn
