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.
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.
This is how you play perfectly nice with Carl Icahn. The world's largest off-shore drilling company, Transocean, has just agreed to a deal with the activist investor that pays shareholders and gives The Icahn Group more power on Transocean's board. In short, these are the days that Carl Icahn gets out of bed for.
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.
Carl Icahn was on CNBC's Halftime Report with Scott Wapner going over his recent dinner with Apple CEO Tim Cook. Wapner, as usual, got right down to business and asked Icahn how it went. "We had dinner at my apartment with a bunch of CEOs." said Icahn. "We had a commonality, we know the technology world.. but the conversation revolved around the buy back, we pushed quite hard for it."
By Insider Monkey: Icahn Capital LP is the investment arm of the Icahn Enterprises established by the famous business guru Carl Icahn. Icahn began his career in 1961 as a registered representative at Dreyfus & Company where he learned about options and convertible assets. In 1968, he started his own brokerage firm Icahn & Co. Inc. Icahn is the chairman of Icahn Enterprises, which has various businesses under its wings including investment management, real estate, consumer goods and metals.
Billionaire investor Carl Icahn owns eBay, the company announced in its fourth quarter earnings release. [via CNBC's David Faber]. Icahn owns 0.82% of eBay shares. He has nominated two directors to the board.
By Insider Monkey: Carl Icahn began his career in 1961 as a Registered Representative at Dreyfus & Company where he learned about options and convertible assets. In 1968, he started his own brokerage firm Icahn & Co. Inc. Icahn is the Chairman of Icahn Enterprises which has various businesses under its wings including investment management, real estate, consumer goods, and metals. Legendary corporate raider Carl Icahn is one of the most active and successful hedge fund managers in 2011.