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Definition of 'Carl Icahn'
An American billionaire investor with reputation for being a shrewd activist investor. Icahn is known for buying large amounts of stock in a specific company, and then pressuring the company to make significant changes to increase its value.
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Investopedia explains 'Carl Icahn'
As of 2008, Icahn's net worth was estimated to be in the range of $14 billion, placing him in top 50 of the richest people in the world. Some of his best known stock market activities are his effort in 2000 to get RJR Nabisco to spin off its food segment from its tobacco business, and his 2008 investment in Yahoo and the opinion that existing management had mishandled its negotiations of a possible combination with Microsoft.
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Buying up failing investments and turning them around helped to create the "Icahn lift" phenomenon.
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This investment vehicle attracts wealthy investors to increase the value of portfolio companies.
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Gates, Soros, Icahn, Rockefeller and Morgan caused chills on Wall Street.
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Learn to profit by following the lead of some of Wall Street's most ruthless investors.
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Find out why certain companies are targeted by these investors.
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Shareholder activists can have a big impact on a company's operations. These battles turned ugly as management lost control.
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This document can provide important clues about a company and its stock.
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