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Carl Icahn Fan Club (CIFC)

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Carl Icahn Fan Club (CIFC)

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Carl Icahn Fan Club (CIFC) RSS Feed

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Carl Celian Icahn (1936) is an American billionaire financier. Icahn, raised in Queens, New York City, earned a reputation as a corporate raider after his hostile takeover of TWA in 1985. He was educated at Princeton University (BA) and New York University, where he dropped out before graduation. Icahn has also tried to take over Marvel Comics. He has casino interests in Las Vegas, Nevada, including the Stratosphere, Arizona Charlie's Boulder and Arizona Charlie's Decatur, which are operated through American Entertainment Properties, a subsidary of Icahn's major company American Real Estate Partners. In 2004, Icahn purchased a large bloc of stock in a pharmaceutical concern, Mylan Laboratories, after Mylan had announced a deal to acquire another company in that market, King Phamaceuticals, of Bristol, Tennessee. Icahn threatened a proxy fight over the acquisition, saying that the contract required Mylan to over-pay. He also contended that Mylan's chief executive, Robert J. Coury was significantly overcompensated and that Mylan's corporate governance was otherwise badly flawed. In early 2005, Mylan gave up its efforts to acquire King, but management said this was a result of its ongoing monitoring of relevant facts, not due to pressure from Mr. Icahn. There is a stadium on Randalls Island in New York City that is named after him. Icahn made a substantial donation to his alma mater Princeton University (A.B., Philosophy, 1957) to fund a genomics laboratory which bears his name.
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