Carl Icahn

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.

Now, in the old days, Carl and Larry would have just had it out in a tough Queens schoolyard, but Icahn has been forced to settle for the next-best thing. Read more »

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 »

  • 02 Jun 2014 at 1:59 PM

Carl Icahn Puts The Wall Street Journal On Notice

In a telephone interview with Bloomberg Television’s Trish Regan, billionaire investor Carl Icahn responded to articles in the Wall Street Journal and the New York Times over the weekend suggesting he was implicated in an insider trading investigation. The investigation, which is being conducted by the FBI, the Securities and Exchange Commission, and federal prosecutors in Manhattan, also involves three-time Masters golf tournament winner Phil Mickelson and Las Vegas gambling impresario Billy Walters. “We do not know of any investigation. Further, we are always very careful to observe all legal requirements in all of our activities,” Icahn said. “We believe that making inflammatory and speculative statements, especially when we’ve had an unblemished record for 50 years, is completely irresponsible on the part of the Wall Street Journal.” [BusinessWeek]

He apparently decided to forgive Bill Ackman even though a certain crybaby cost him a few bucks in the first quarter. Read more »

Uncle Carl is loving the totally legitimate diet-shake company’s $266 million share buyback. Bill Ackman hasn’t weighed in on the racist pyramid scheme’s move, but it is safe to say he’s not impressed. Read more »

And that’s why, despite Carl Icahn’s comments about him in the past, Bill Ackman is ready to take their newfound friendship to the next level (and why Icahn, who Ackman once described as a liar who takes advantage of little people probably feels the same way). Read more »

The highlight of Buffettstock is always Warren’s five-hour, off-the-cuff Q&A session with Berkshire investors at Omaha’s CenturyLink Arena, and this year was no different. The Berkshire chief and sidekick Charlie Munger ranged over a variety of topics for 38,000 adoring fans, including: Did they fuck up, re: Coke? Should a 59-year-old volunteer sheriff and college dropout take over as Berkshire chair when the 83-year-old Buffett expires? Can they invest all of the money they’re making?* And, last but not least, stuff they don’t like, notably high-frequency trading and activist investors. Read more »