Carl Icahn Eyeing Sundance With 2-Minute Trailer for 15-Minute Movie

Never before as a video about an impending economic disaster had such high production value.
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Earlier today, hedge fund manager Carl Icahn announced on Twitter that 60 seconds after the stroke of midnight tonight, he will release the latest project he's been working on: a 15 minute film of which he is naturally the star, called "Danger Ahead: A Message From Carl Icahn." The premise appears to be that thanks to low interest rates, among other things, this country is headed for an economic disaster of mega proportions, unless policy makers and corporate executives follow Icahn's advice and do stuff like vote for Donald Trump.

While some money managers might've been content to simply appear on various cable networks to relay their thoughts, or put them down in letters to investors, Carl, having been apparently influenced by Scorsese, Coppola, and De Palma knew he had to Hollywood this thing up. This movie has it all-- a terrifying score, old footage of Icahn appearing on CNBC talkin' danger, voice-overs, and Icahn in a dark room saying things like "I grew upon on the streets of Queens." Plus, a trailer! For a 15 minute clip! Carl also hyped the flick in an interview with the Post, in which he noted that if HE was president, he'd exact some schoolyard justice on his out of touch friends.

“I’m saying the wealthy, the elitists, are a little oblivious to the problems” facing the country, Icahn told The Post. “They are my friends but they feel a certain sense of entitlement.” Icahn, speaking ahead of a 15-minute video expected to be released Tuesday, said a pal, a fellow 1 percenter, asked him recently the first thing he would do if he were elected president, and he replied: “I told him I would make you pay some f- -king taxes.” In the video, called “Danger Ahead,” Icahn, who is backing Donald Trump’s candidacy, gives his views on the US economy — and Trump.

Members of the Academy, start your engines.

Billionaire Carl Icahn attacks ‘entitled’ 1 percent in video [NYP]
Danger Ahead: A Message From Carl Icahn [Carl Icahn]

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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]