Icahn Enterprises

American conglomerate

Follow Icahn Enterprises on Notably News to receive short updates to your email — rarely!

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.

See Also