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.

Mr. Icahn prodded Time Warner Inc. to break itself up nearly a decade ago….

In March 2013, Time Warner said it planned to spin off Time Inc.

Mr. Icahn doesn’t always win. But Time Warner is a testament to the fact that sometimes companies sign onto Mr. Icahn’s plans in six months, and sometimes it takes seven years.

Carl Icahn Gets His Way… Eventually: A Brief History [WSJ MoneyBeat blog]