Carl Icahn

  • carl-icahn-23sep11

    News

    Carl Icahn Called Into CNBC To Tell CNBC To Stop Calling Him

    Back in December, CNBC anchor Scott Wapner officiated an interview with hedge fund managers Carl Icahn and Bill Ackman, on the topic of Herbalife. In addition to describing Ackman, Icahn’s sworn enemy, as a “crying Jewish boy” not unlike the ones Icahn used to “beat up” in the schoolyards of Queens, going on record to […]

    / Sep 9, 2013 at 2:47 PM
  • carlicahntweet2

    News

    Predicting Tomorrow’s Carl Icahn Tweets Re: Tim Cook Today

    [@Carl_C_Icahn]

    / Aug 22, 2013 at 4:18 PM
  • He's doing exceptional photographic work recently.

    M&A

    Carl Icahn Will Have To Wait Until October/Never For His Dell Proxy Fight

    It’s useful to be reminded every now and then that shareholders don’t really “own” corporations and they certainly don’t run them. Whatever you think of Carl Icahn’s self-funded, mildly loony plan to do a leveraged-recap-via-tender-offer of Dell, his basic argument, that Dell shareholders should be able to vote to (1) do that, (2) sell the […]

    / Aug 16, 2013 at 5:29 PM
  • This is really his twitter picture, and is the best.

    News

    77-Year-Old Man Good At Twitter

    Once upon a time before there were activist hedge funds there were corporate raiders, whose business model was buy stock in company, be annoying, sell stock back to company at higher price. This model had many delights of which perhaps the greatest was that you couldn’t really, like, do damage to your reputation. The more […]

    / Aug 13, 2013 at 6:12 PM
  • carlicahntweet

    News

    What Does A ‘Nice’ Conversation With Carl Icahn Look Like?

    [@Carl_C_Icahn] Only Tim Cook can say but early guesses include:

    / Aug 13, 2013 at 5:06 PM
  • I think that when you first become a public figure in the financial world you should be obligated to sit for a range of photographs that would then be put into the public domain to illustrate future articles about you. I don't know exactly what poses I'd demand of everyone but this "THIS GUY AMIRITE" gesture would definitely be one of them. Actually Ackman has a lot of those.

    News

    Everyone Thinks Everyone Else Is Manipulating Herbalife

    There are puzzling reports that Bill Ackman has been complaining to the SEC about George Soros’s investment in Herbalife, claiming that “Soros’ firm broke insider-trading rules by tipping hedge funds about its purchases” at “idea meetings.” You might remember Bill Ackman as the man who called a big press conference to tell everyone that he […]

    / Aug 5, 2013 at 12:18 PM
  • I mean they probably aren't actually setting up the chairs or anything.

    M&A

    Dell Pretty Sure That This Time It’s Figured Out This Merger Thing

    Did you fly to Round Rock today to vote on Michael Dell and Silver Lake’s buyout of Dell? No, you did not, even I can’t keep up that fiction any more. By my count this is the third same-day cancellation of the special meeting but everyone’s figured out the game by now. Dell will eventually […]

    / Aug 2, 2013 at 4:27 PM
  • Really among the greatest photographs of a human being ever taken.

    M&A, News

    Even Carl Icahn Wants To Wrap Up This Dell Thing

    Carl Icahn’s ideal literary genre may be the press release – or, possibly, the tweet – but sometimes you want to write at length and filing a 25-page complaint in the Delaware Court of Chancery gives you that luxury. Plus I guess some lawyers to write it, but the complaint Icahn filed against Dell today […]

    / Aug 1, 2013 at 5:58 PM
  • FACT: The least interesting picture of Carl Icahn is more interesting than the most interesting picture of Michael Dell. If this thing goes to September I'm gonna be using pictures of silver lakes.

    M&A, News

    Dell’s Board Is Having So Much Fun They’re Thinking Of Keeping This Going Until September

    I think we can all agree that the Dell board’s latest proposal to its buyout group – to up the price from $13.65 to $13.75, not change the voting rules, but move the vote to mid-September, with an August record date – is a bad idea. I mean I’m sure we can’t all agree on […]

    / Jul 31, 2013 at 12:57 PM
  • Take a tweet:

    M&A

    Carl Icahn And Michael Dell Will Miss Spending Time With Each Other When This Is All Over

    A fun thing about being rich is that it expands your opportunities for passive-aggressive sniping. Like, if Michael Dell wants to insult Carl Icahn, he can call up the Wall Street Journal and Bloomberg and say “hey, I was thinking about insulting Carl Icahn, if I do will you print it?,” and of course the […]

    / Jul 29, 2013 at 6:10 PM
  • over here

    M&A

    Carl Icahn Gets Another Week To Screw Around With Dell, But This Is The Last Time, They Mean It

    I’m sure this is false but I’m going to carry on believing that someone, somewhere, flew to Round Rock, Texas last week for the Dell shareholder meeting, arrived to learn it was cancelled, got on the next plane back to New York or, I dunno, Switzerland, and then flew in again this morning for the […]

    / Jul 24, 2013 at 12:56 PM
  • carl-icahn_416x416

    News

    Dan Loeb’s High Road Is Paved With High Impact Enemas Administered By A 77 Year-Old Man

    Earlier today, a person, if a person were so inclined, could hop on his or her Bloomberg terminal, start a message to hedge fund manager Dan Loeb, and be greeted with a header that proclaimed “New HLF Product: The Herbalife Enema, Administered by Uncle Carl.” This line was an obvious reference to the figurative enema […]

    / Jul 23, 2013 at 2:58 PM
  • We sent a reporter/photographer team to Round Rock.

    News

    Carl Icahn Gets Another Week To Screw Around With Dell

    You have to be a little nuts to go to a shareholder meeting, though I suppose when the meeting is to vote on a hotly contested proposal to merge the company out of existence you might have business reasons for doing so. So if you’re a merger-arb analyst following Dell closely, I hope you didn’t […]

    / Jul 18, 2013 at 6:41 PM
  • warrants!

    M&A, News

    Carl Icahn Throws Some Warrants Into His Dell Thing Because Really Why Not?

    There are enough absurdities on the surface of Carl Icahn’s pseudo-proposal for Dell that you don’t need to think deeply to find more but I guess you could. One thing that might bother you if you let it is the old slicing-the-pie-to-make-more-pie thing. Why should funding Dell with more debt and less equity, and running […]

    / Jul 12, 2013 at 1:24 PM
  • This is gonna be my go-to Icahn-as-evil-genius picture.

    M&A, News

    Carl Icahn: If You Like This Dell Buyout, Why Not Vote Against It?

    I’ve made fun of Carl Icahn’s involvement in Dell a few times, because it has been pretty nutty and half-baked, but I hope that doesn’t obscure my fundamental fondness for the man. I sometimes think that we’re a lot alike: we both come to work every day with the goal of being amused by the […]

    / Jul 10, 2013 at 11:42 AM
  • I kind of want to never use anything but his creepy Twitter-bio picture ever again.

    M&A, News

    Who Will Be Saddest About A Successful Dell Buyout?

    With today’s ISS report endorsing the Michael Dell / Silver Lake buyout of Dell, and with the market up on the likelihood that the deal will go through when shareholders vote on July 18, I suppose it’s about time to start the postmortems. How do you see the winners and losers? The opposition, led by […]

    / Jul 8, 2013 at 2:11 PM
  • kinder gentler Icahn pic

    M&A

    Carl Icahn Agreed To Lend Himself Some Money For Dell

    The latest in the Dell saga is that Carl Icahn has announced that he’s got the money to do his $10-to-$14-or-whatever-a-share tender offer, and by “money” of course I mean commitments from lenders that are contingent on the tender offer happening, which itself is contingent on a bunch of other things, including Dell shareholders voting […]

    / Jul 2, 2013 at 10:17 AM
  • Also the bullets are red. "DON'T USE RED IN PITCHES YOU'LL SCARE THE CLIENT." Though I guess that's the point here.

    M&A, News

    Michael Dell Has A Few Bullet Points He’d Like To Run Through With Investors

    I submit to you that Michael Dell’s “presentation to investors” filed today will tell you everything you need to know about Dell, even if you don’t read it. Just look at it! Here, for instance, is the slide justifying the $13.65 price that Michael Dell and Silver Lake are paying to LBO the company: Why […]

    / Jun 21, 2013 at 10:21 AM
  • Dell's future is so bright I gotta etc.

    News

    Carl Icahn Does Another Dell Thing

    Carl Icahn seems to have a lot of fun. Today he wrote a crazy letter to Dell shareholders that opens this way: We take this opportunity to respond to rumors regarding the availability of financing for our proposal for a recapitalization at Dell and to address recent statements by Dell that demean the prospects of […]

    / Jun 18, 2013 at 3:58 PM
  • I count 39% green?

    M&A

    Dell: Our Performance Has Been Atrocious, But Only For Certain Limited Purposes

    One of my favorite themes in the Dell LBO pseudo-battle is the cognitive dissonance between Dell’s need to tell its shareholders how screwed it is, for the purpose of convincing them to vote to sell at the somewhat underwhelming price of $13.65, and its need to simultaneously tell everyone how good it is, for most […]

    / Jun 10, 2013 at 7:04 PM
  • Also let's cut off the y axis so our shitty performance looks even shittier!

    M&A

    Dell Begs Shareholders To Put It Out Of Its Misery

    I feel like it would be a useful, or at least entertaining, exercise to require every company, once a year or so, to give a presentation to its shareholders that is like “here’s why you should vote for an LBO of our company at a ~2% premium to the current stock price.” Even if there’s […]

    / Jun 5, 2013 at 10:48 AM
  • News

    Carl Icahn Will Answer Dell’s Questions When He God Damn Wants To

    If there’s anything that Carl Icahn learned in the mean schoolyards of 1940s Far Rockaway, it’s chutzpah. To wit: responding to Dell’s demands for more information about his nebulous plan to sort-of take the company over by issuing a special dividend with no answers—but demands for information of his own.

    / May 20, 2013 at 2:29 PM
  • Getting there

    M&A

    Dell Wants Shareholders To Know That Southeastern Wasn’t Looking Out For Them

    Man, the resistance to this Dell deal is crumbling pretty fast isn’t it? Blackstone dropped its bid two weeks ago, Icahn and Southeastern have been relatively quiet since Icahn defended his right to a free exchange of ideas just before Blackstone dropped out, and the stock is at $13.33, ~2% below the $13.65 deal price, […]

    / May 2, 2013 at 5:54 PM
  • Oh, agreements.

    M&A

    Carl Icahn And Dell Disagree About What They Agreed On

    A good public-relations rule of thumb is that, when you and your nemesis sign an agreement putting aside your differences, you should probably also agree on how you’ll announce your new friendship to the world. What you don’t want to do is, for instance, to sign a standstill agreement with a potential buyer in your […]

    / Apr 16, 2013 at 6:22 PM
  • herbalifeshakerecipes.com, though I have not read and do not endorse the recipes

    News

    Herbalife’s Auditor Says You Can’t Rely On Its Financials, But Not In A Fun Way

    CAN YOU FEEL THE EXCITEMENT? No, right? Okay good. A senior audit partner at KPMG Los Angeles did a bad thing and “was involved in providing non-public client information to a third party, who then used that information in stock trades involving several West Coast companies.” And now KPMG has resigned as the auditor of […]

    / Apr 9, 2013 at 12:05 PM
  • What can I say, I like Dell

    M&A

    Michael Dell Wanted To Escape Public Markets’ Short-Term-ism For About 45 Days

    Two ideas at the heart of modern financial economics are the efficient markets hypothesis, which says that investing doesn’t work, and the Modigliani-Miller theorem, which says that corporate finance doesn’t work.1 Also there is a financial industry which is pretty much organized around ignoring those ideas. Hahaha how stupid of David Einhorn to think that […]

    / Mar 27, 2013 at 3:57 PM
  • carlicahnforbescover

    News

    Carl Icahn Just Wants To Reiterate That Bill Ackman Wouldn’t Want To Find Himself In Certain Parts Of Queens After Dark

    Not back in the day, when Icahn was running the Southeastern Queens Chapter of the Jewish Crips and not today, as the elder hedge fund manager presumably maintains ties with the organization, whose members stay current on his various investing nemeses and won’t hesitate to fuck someone up.

    / Mar 27, 2013 at 11:49 AM
  • Not welcome in Canada

    Hedge Funds

    Now Canada Wants Activist Investors To Share With The Rest Of The Class

    If you’re an activist investor your job is to (1) think of an idea for how to make a company’s stock go up, (2) buy stock in the company, (3) convince them to do your idea, and (4) sell high. Step 3 tends to involve lots of attention-seeking – it’s easier to wear a company […]

    / Mar 22, 2013 at 5:20 PM

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