Icahn Enterprises
American conglomerate
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May 2023 | Hindenburg Research released an analysis of Icahn Enterprises, claiming the company is overvalued and alleging questionable financial practices. The share price of Icahn Enterprises dropped by 20% on the day of the analysis release. |
2022 | Featured in HBO documentary 'Icahn: The Restless Billionaire', directed by Bruce David Klein and produced by Atlas Media Corp. |
May 2022 | McDonald's shareholders voted against Icahn's nominees, with only 1% supporting his board candidates related to pig welfare. |
February 2022 | Nominated two people for election to McDonald's board of directors, aiming to pressure the company to improve conditions for pigs raised by its suppliers. |
May 2020 | Sold his entire 39% stake (55.3 million shares) of Hertz Global for 72 cents a share, resulting in a loss of almost $2 billion. |
February 2018 | Icahn avoided a $6 million potential loss by selling steel-price sensitive stock holdings just days before the Trump administration announced a 25% tariff on steel imports. |
2017 | Acquired a 9.7% stake in Conduent, sold out of Allergan and Nuance Communications, and increased stakes in Navistar International and Herbalife Nutrition. |
August 2017 | Sold the unfinished Fontainebleau Resort Las Vegas for $600 million, more than four times his initial purchase price. |
August 18 2017 | Icahn stepped down from his role as special advisor to President Trump, citing a desire not to interfere with Neomi Rao's work as administrator of the Office of Information and Regulatory Affairs. |
2016 | Carl Icahn endorsed Donald Trump in the United States presidential election and formed a super PAC pledging $150 million to push for corporate tax reform. |
December 21 2016 | Icahn was announced as special advisor to President Trump on regulatory reform, serving in an individual capacity without specific federal employee duties. |
November 2016 | Increased his holdings in The Hertz Corporation after the company's stock price declined significantly. |
October 2016 | Closed the Trump Taj Mahal Casino in Atlantic City, resulting in nearly 3,000 job losses, citing a $350 million loss over several years and failure to reach a deal with striking union workers. |
August 2016 | Increased his stake in Herbalife Nutrition to 21%. |
April 2016 | Sold his Apple shares, citing concerns about Apple's relationship with China. |
January 2016 | Disclosed a 4.66% stake in Gannett Company. Held shares in Cheniere Energy and Freeport-McMoRan, which declined in value. |
December 2015 | Offered to acquire Pep Boys. Raised his stake in Cheniere Energy to 13.8%, becoming its largest shareholder. |
November 2015 | Hired CBRE Group to market the unfinished Fontainebleau Las Vegas to potential buyers. Swapped his stake in eBay for shares in PayPal. Disclosed a 7.13% stake in Xerox. |
May 15 2015 | Icahn made a $100 million investment in Lyft. |
This contents of the box above is based on material from the Wikipedia article Carl Icahn, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.