Word: icahn
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...corporate raider Carl Icahn fights to wrestle control of filmmaker Lions Gate Entertainment, it's easy to overlook his other big bet - on the betting business...
First, some background: private equity refers to what in the 1980s was called the leveraged buyout (LBO). LBO artists such as Henry Kravis and Carl Icahn borrowed lots of money on the junk-bond market built by financier Michael Milken and used it to finance takeovers - sometimes hostile ones - of struggling corporations. During the recession of the early 1990s, the LBO business faltered, and many predicted its demise. But buyout funds re-emerged under the more genteel moniker private equity, eschewed hostile takeovers, reliably outperformed the S&P 500 and grew to be a far bigger force than they ever...
...opinion, you might have to get rid of Jerry and part of the board to bring back Microsoft." - Activist Investor and Yahoo! shareholder Carl Icahn, after Yang turned down Microsoft's 2008 buyout offer (New York Times...
...down as chief executive of Yahoo! His failure in June to accept an offer from Microsoft that would have paid stockholders $33 a share was the coup de schnook. So why didn't the board of directors oust him by Labor Day? Yes, there was the wrath of Carl Icahn, the proxy fight, the settlement that resulted in a reconstituted board. But that circus was all over and done with by July...
...unpopular among economists and, according to polls, the American public. In a recent poll, 55 percent of Americans indicated that they do not favor bailing out private companies using taxpayers’ money, which is what this $700 billion purchase of mortgage-backed securities composes. Investors George Soros, Carl Icahn, and Jim Rogers, as well as about 200 university economists—including several from Harvard—are a handful of those who have vocally denounced Paulson’s bailout plan. Possibly more disturbing than the economic flaws of the program are the ethical issues. As the former...