Sunday, March 9, 2008

Carl Icahn

Intimidating, relentless and rich. That, in a nutshell, is Carl Icahn. His investment strategy is simple: find a company he thinks is poorly run and then start buying up shares of its stock. Then, start agitating until changes are made. Along the way, the companies he chooses generally start improving, improving his bottom line over and over. Lesley Stahl has his story.

Carl Icahn
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Comments

Sound off on this segment. Here you'll see the comments in the order they were posted.

1
yo, MTV RAPS!
Posted by medicatedgenius@sbcglobal.net on Sun, Mar 9, 2008 11:48 PM ET
2
I would bet that the deeper you dig, the less he will seem genuine. He really doesn't seem to make companies any better, he just nags until stock prices rise and shorttrades.
Posted by jeremy.kasperson on Mon, Mar 10, 2008 12:22 AM ET
3
comments 3
Posted by bill_h_pike on Mon, Mar 10, 2008 12:47 AM ET
4
He's good for the economy.
Posted by bill_h_pike on Mon, Mar 10, 2008 12:47 AM ET
5
Icahn has never created a single product, service or job. He is simply a very rich extortionist, doing what the mob does but on a much bigger scale. Except the mob risks jail.
Posted by bettysdad on Mon, Mar 10, 2008 1:06 AM ET
6
BALLS
Posted by madflip@verizon.net on Mon, Mar 10, 2008 1:30 AM ET
7
He make business look so simple ! its the simple thing in business world that moves companies !
Posted by davidmutugi on Mon, Mar 10, 2008 2:12 AM ET
8
Until laws are passed that limit a CEO's salary to a fixed multiple of what is being paid to the lowest employee or a fixed multiple of what is paid out in dividends, minor stockholders will continue to get screwed by the close-knit corporate boards who lavish salaries on their buddies without regard to actual results. It is the Ikahn's of the world who give a modicum of oversight to an otherwise corrupt system -- they force management to be productive and not merely seductive. No one should be pointing a finger at Ikahn for doing what he does. Ikahn is just doing that which they wish they as minor stockholders could. Each of them wishes they could say "I can."
Posted by esqcaliber on Mon, Mar 10, 2008 2:41 AM ET
9
Until laws are passed that limit a CEO's salary to a fixed multiple of what is being paid to the lowest employee or a fixed multiple of what is paid out in dividends, minor stockholders will continue to get screwed by the close-knit corporate boards who lavish salaries on their buddies without regard to actual results. It is the Ikahn's of the world who give a modicum of oversight to an otherwise corrupt system -- they force management to be productive and not merely seductive. No one should be pointing a finger at Ikahn for doing what he does. Ikahn is just doing that which they wish they as minor stockholders could. Each of them wishes they could say "I can."
Posted by esqcaliber on Mon, Mar 10, 2008 2:43 AM ET
10
What a brilliant and capable person! He's all work plus he bears no grudges towards the people he deals with. All he wants is traditional American efficiency. He must be the terror of corporate management who is lost in confounding paper work. A lot can be learned from this individual. No wonder he is successful!
Posted by sssrdja on Mon, Mar 10, 2008 4:57 AM ET
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