Word: icahn
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...bulls were really running last week. From consumers to financiers, nearly everyone was celebrating the belief that the economy is kicking into high gear. Thanks to low inflation, the boom machine could hum smoothly for years. Carl Icahn, TWA's new chairman and top stockholder, struggles with a strike and mounting losses. The World Bank's new lender in chief...
...Carl Icahn, Wilde's words may be painfully true. When Icahn learned last August that he had won his bitter battle to take over Trans World Airlines, the New York financier and renowned corporate raider put on a pilot's cap and jacket and pranced around his office. "We've got ourselves an airline," he exulted...
...carrier's losses rose higher and higher. TWA had a $123 million deficit in the final quarter of 1985 and is expected to drop almost $200 million more in the first three months of this year. Concludes Robert Joedicke, an airline industry expert for the Shearson/Lehman Bros. investment firm: "Icahn has bitten off more than he can chew." The chairman, though, is maintaining a brave front. Says he: "I was looking for a challenge...
...many adventure travelers are women in their 40s. Women who want company but don't have family or friends who feel like rafting in Costa Rica seek out a new breed of travel agency - like Gutsy Women Travel, founded by Gail Golden, 55, wife of former TWA boss Carl Icahn. Half the women who sign on for her trips are married, but their husbands aren't interested in taking cooking classes in Italy or visiting gardens in Savannah. "He likes the fact that she is safe, traveling with an escorted group and comes back happy because she has fulfilled...
...suddenly arose from a group of the airline's workers, led by white-collar, non-unionized employees. Advised by Christopher Bond, a former Governor of Missouri, this faction had reportedly raised more than $1 billion in the financial markets of Western Europe in an effort to top the Icahn and Lorenzo bids...