• charlie gasparino


    Fox Business Reporter’s Cardio Day Stops For No Heat Wave

    Charlie Gasparino is pretty sure air conditioned gyms are for pussies.

    / Jul 20, 2015 at 6:35 PM
  • josh gordon


    Father/Son Duo Team Up To Bring You The Rolls Royce Of Marijuana Storage

    Josh Gordon is an Fordham business school grad and entrepreneur with a product he’s about […]

    / Oct 2, 2014 at 5:01 PM
  • frankperkinshixonjr


    Ex-Evercore Director Who Insider Traded In Accounts Set Up Under Baby Mama’s, Dad’s Names Make Get Opportunity To Think About What He’s Done

    Remember Frank Perkins Hixon Jr.? Made something of a name for himself when he became […]

    / Apr 3, 2014 at 9:30 AM
  • News

    Carl Icahn Gives Son Four Years To Prove Himself

    Ten years ago, Carl Icahn hired his son Brett to be an analyst at Icahn Enterprises and the kid didn’t fuck anything up so he got to keep his job. Two year ago, Carl gave Brett and another employee, David Schechter, $300 million to invest under the “Sargon portfolio,” and the guys returned 96 percent (before fees) through June. Last month, Carl tossed the duo an additional $3 billion and a contract that expires in 2016, at which time Papa Icahn will either officially Brett a worthy successor or offer to serve as a reference for his next gig.

    Under a 46-page legal agreement filed with federal regulators last month, Brett Icahn and Schechter will get to invest their boss’s capital in companies with stock market values between $750 million and $10 billion. The deal may free the elder Icahn, who still has final say over many aspects of the portfolio, to focus on larger targets for shareholder activism. Brett, who turns 33 this month, along with Schechter has been running $300 million for his father, who owns more than 90 percent of Icahn Enterprises LP, a holding company with $24 billion in assets including activist investing partnerships as well as the Tropicana casinos, an oil refiner and an auto-parts maker. The arrangement expires after Carl turns 80 in 2016, giving Brett the chance to both prove his mettle as a successor and develop a track record to start his own hedge fund.

    After hiring Brett as an investment analyst a decade ago, Icahn allocated the $300 million to his son and Schechter in April 2010 to invest in loans and securities of companies with less than $2 billion in equity value. Their investments, internally dubbed the Sargon portfolio, generated a gross cumulative gain of 96 percent by the end of June, according to a July 27 filing with the U.S. Securities and Exchange Commission…“These two guys doubled our money over the last two years,” the elder Icahn said in an interview. “You can’t complain about that.”

    Carl Icahn Hands Son Brett $3 Billion To Prove His Mettle [Bloomberg]

    / Aug 14, 2012 at 12:23 PM
  • News

    Some Analysts More Amped Than Others About The Goldman Sachs Settlement

    Brad Hintz, for instance, is so pumped he might very well throw his back out. […]

    / Jul 16, 2010 at 12:25 PM