How Well Do You Know Activist Billionaire Carl Icahn?


Carl Icahn is a billionaire some 24 times over. He made his fortune on Wall Street, where he likes to build a significant stake in troubled companies -- and then leverage it to force big changes. Some think of him as the perfect antithesis to Berkshire Hathaway guru Warren Buffett, but there's no question that his methods work. Icahn has the numbers on his side.

Sometimes he wants to install new management, as he did at Blockbuster 10 years ago. Other times, he goes for a hostile takeover, like the one he attempted on Lionsgate (NYSE: LGF  ) in 2010.

Apple is too big for even a billionaire activist to make any truly fundamental changes, but Icahn still helped convince Cupertino to make massive increases to its buyback program.

Of course, he isn't opposed to simply making a ton of money when he sees a "no-brainer" opportunity, as he's currently doing in Herbalife (NYSE: HLF  ) . And he doesn't win every battle or nail every analysis, but Carl Icahn will often find a way to make money even when he's wrong. Netflix (NASDAQ: NFLX  ) is a recent case in point, having bagged Icahn $800 million (and counting).

How well do you know this controversial investor? Is he a shareholder hero, or just a heartless corporate raider? This slideshow will help you fill in the blanks.

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How well do you know activist billionaire Carl Icahn? from The Motley Fool.


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  • Report this Comment On May 17, 2014, at 4:14 PM, earlcarroll wrote:

    meanwhile back at the ranch THE STOCK IS UP THIS MONTH.....bill stiritz, carl Icahn, George soros and several other billionaires who are long the stock and selling puts have done their own investigation...this group of billionaires have a lot better investigators, lawyers, and analysts than the government could ever hire.. do you think Icahn would have put so many on the hlf board if he had not done a thorough investigation...DUE DILIGENCE..it is what these billionaires do and they do it very well, ackman on the other hand NOT SO MUCH I use j c penny , target. and now hlf as my examples...these billionaires just keep selling puts and the puts just keep expiring worthless.. and once these investigations end and hlf gets a fine and a slap on the wrist the stock goes to 100 bucks a share and all the shorts will be SQUEEEEEZED like volkswagon was..this is going to make a great movie once it is over....one more thing...only 18 percent of hlf sales are in the united states so WHAT IS THE WORST POSSIBLE OUTCOME?? they lose 18 percent of there sales...IT IS NOT POSSIBLE FOR IT TO GO TO ZERO...

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