Considering Brett Icahn and his partner David Schechter have made Daddy Icahn a whole lot of money over the last few years, it wouldn't be surprising for Carl to reward them with raises and new titles but if anyone is going to keep his progeny on their feet, it's this guy.
In a Monday announcement, following “various inquiries,” Icahn Enterprises confirmed its agreements with Brett Icahn and David Schechter, who co-managed the nearly $7 billion Sargon Portfolio, expired Sunday. It is possible — but not certain — that new agreements for the two will be finalized. “For the past seven years, Brett, David and I have maintained an extremely successful and mutually beneficial portfolio management arrangement,” Carl Icahn said. There is some belief the expiration of the agreement will coincide with 80-year-old Icahn handing the reins to Brett and David. The Post reported in March that the elder Icahn was negotiating a deal with his son that would go into effect when the co-management agreement expired.