Carl Icahn

Carl IcahnBillionaire investor Carl Icahn says the struggling Trump Taj Mahal casino “will almost certainly close.” The would-be purchaser of the casino told the Associated Press on Thursday night that the casino’s finances are dire. Four of Atlantic City’s 12 casinos have closed this year, and the Taj Mahal would be the fifth. Mr. Icahn, sounding very much like a man growing tired of the whole topic, said that even though he won’t back out of a deal he made with owner Trump Entertainment Resorts to acquire the Taj Mahal and pump $100 million into it, he wishes he never answered the phone when the company first called him about it. “One overriding fact is perfectly clear: The Taj is quickly running out of money and will almost certainly close,” Mr. Icahn said. [WSJ]

You're an embarrassment to the Icahn name.Carl Icahn lost $200 million yesterday on Netflix, one of those newfangled technology stocks that his son is always pushing him to invest in. Now, Carl’s not happy about, but since he already made a 457% return when he unloaded half of his shares in the company last year, he’s not calling Brett in for a spanking. A “not so fast,” an “I told you so” and a “still not quite as sharp as the old man” might, however, be in order. Read more »

Carl Icahn, his lawyers assure the bankruptcy judge, really will pour $100 million into a casino that’s losing $8 million a month. But only if he gets his way, and that way is $175 million in tax breaks and other state aid and, oh yea, the bankruptcy judge ripping up the casino’s contract with its union. And he’ll do it even if the now-contractless union goes on strike, because, really, can the Trump Taj Mahal really be a worse business without them than with them? Read more »

Atlantic City Union Calls Carl Icahn’s Bluff

At least, they hope the he’s bluffing when he says that unless union members agree to make their already-shitty jobs even shittier, he’s going to make those shitty jobs disappear, the way he made all of those shitty jobs up the boardwalk disappear earlier this year. Read more »

Carl Icahn Will Wait

Carl Icahn is 78. Considering the average life expectancy for an American male is 77.4, most people would consider that old. But not too old to wait as long as it takes to get his way. Read more »

Thankfully, the e-commerce giant came to its senses before Ichan had to go all Queens schoolyard on its ass. The only reason he gave them an extension on his patience is because he’s actually had great success selling his knickknacks on the site. Read more »

Carl Icahn Drives A Hard Bargain At Work And At Home

Young Brett Icahn’s plans to follow in his father’s footsteps with a chunk of his father’s money have run into a snag, namely, his father. Sure, the elder Icahn would be happy to help his son remove the training wheels, but he just can’t help it if he’s the superior negotiator, even at 78. Read more »