On CNBC this afternoon I mentioned that I hope Apple tells Carl Icahn to stuff it. This startled some folks, so I figured I would explain this thinking in more detail. First, the back-story... Billionaire activist investor Carl Icahn has found a new target: Apple.
For the last several weeks, activist investor Carl Icahn has been waging a written war against eBay's board of directors. In particular, he's been attacking the ethics of venture capitalist Marc Andreessen. Andreessen keeps firing back with his own biting responses. Today, he's published another.
Activist investor Carl Icahn on Friday disclosed a 12.1% stake in Pep Boys-Manny Moe & Jack (PBY) and called for a sale of the auto parts and maintenance chain’s retail business to Auto Plus, one of the companies Icahn controls. Along with the disclosure, Icahn said he will continue to discuss a strategic combination between Philadelphia-based […]
View the full post at: Carl Icahn Declares a 12.1% Stake in Pep Boys (PBY)
Carl Icahn sees danger ahead. The activist investor is quoted as saying to CNBC that a low interest rate environment has caused asset prices to rises above levels that can be supported by the underlying fundamentals. Icahn said he sees bubbles in art, real estate and high-yield bonds – with potentially dramatic consequences. [via CNBC] “It’s […]View the full post at: Carl Icahn Warns of Danger Ahead
Hedge fund billionaire Carl Icahn tweeted on Friday that he has accepted Donald Trump's offer to be Treasury Secretary. 1/3 After last night’s debate I decided to accept @realDonaldTrump offer for Secretary of Treasury. — Carl Icahn (@Carl_C_Icahn) August 7, 2015
Shares of Apple Inc (AAPL) are up 0.49% to $129.40 in late morning trading Monday after billionaire activist investor Carl Icahn confirmed he had send an open letter to CEO Tim Cook, pushing for a larger share buyback. In the letter, posted on Icahn’s “Shareholder Square Table” Web site, Icahn also says he believes AAPL is […]View the full post at: Carl Icahn Sees Apple (AAPL) Stock Worth $240/share
Working with family is hard, especially when you're controlling billions of dollars. So we really can't be judgmental about Bloomberg's report that Carl Icahn and his son Brett are having a disagreement over the sale of half of Icahn Enterprise's sale of its Netflix stake.
Yesterday, after billionaire activist investor Carl Icahn appeared on CNBC for almost an hour to discuss his proposal that Apple CEO Tim Cook should initiate a $150 billion share buyback, Miller Tabak chief economic strategist Andrew Wilkinson pointed out in his "chart of the day" that Icahn is not even a top-2o shareholder of Apple. In today's chart, Wilkinson points out that Icahn's tweets aren't moving the market like they used to.