School is in session. Read more »
Would it have been nice to visit Channing and Jonah on the set of the third installment? Sure. Did a small part of him want to direct? Yes. Did he feel he could’ve brought a Queens school-yard authenticity to things? You betcha. But these are not the things that keep him up at night. Read more »
So Bill Ackman’s earth-shattering, research-redefining, can’t-miss company-killing “deathblow” didn’t exactly pan out yesterday, what with Herbalife shares soaring 25% yesterday as investors shrugged, “that’s all you got?” Now, it’s unclear what this exactly means for Pershing Square investors, since Ackman’s ninja restructuring of his $1 billion short last year makes precise P&L calculations impossible, but suffice it to say it means nothing good.
Nothing good for Ackman, anyway, but very good for new old buddy Carl Icahn, who remains a big believer in diet shakes in spite of Ackman’s best efforts to “get him out of the stock.” Two-hundred-and-thirty-four million dollars good. Good enough to let Uncle Carl leave the matter magnanimously unmentioned while also generously picking up the check at their next rendezvous at Marea. Read more »
At Marea, perhaps. Or in a rough-and-tumble Queens schoolyard. Or at a hedge-fund conference. Or on Twitter. Wherever. A word to the wise: Don’t try to break the ice with a crack about certain insider-trading investigations involving Uncle Carl and certain famed golfers. Read more »
When the BlackRock chief wrote about his lament about the “short-term demands of the capital markets,” he didn’t mention anyone by name. But Carl Icahn can read between lines like “too many companies have cut capital expenditure and even increased debt to boost dividends and increase share buybacks,” and he can’t help but notice that they contain the letters C-A-R-L-I-C-A-H-N.
Gambler Implicated In Mickelson/Icahn Insider Trading Investigation Does Not Need These Distractions Right NowBy Bess Levin
At any other time, fine, Billy Walters could deal with the fact that federal authorities are reportedly “examining a series of well-timed trades” made by him and golfer Phil Mickelson, that Carl Icahn may or may not have mentioned in passing to the the men. But not now. Not when he’s gearing up for the fourth annual “World’s Sexiest Golf Tournament,” which is less than three months away and needs his undivided attention. Read more »