Wednesday, 15 February 2012

Carl Icahn

Carl C. Icahn was born in Queens, New York, in 1936. He dropped out of medical school to work on Wall Street. In 1968, he established Icahn & Co, his own brokerage firm. A corporate “raider” in the 1980s, he made his fortune by buying stocks and “greenmailing” large corporations. He bought Transworld Airlines in 1985, but sold it back in 1992, despite investing $100 million of his own money.Financier, entrepreneur, and airline executive, born in Queens, New York, USA. The son of a lawyer who wanted to be an opera singer, he took a philosophy degree from Princeton (1957), dropped out of medical school after three years, and learned the broker's trade on Wall Street before establishing his own brokerage firm, Icahn & Co (1968). One of the most notorious corporate ??raiders?? of the 1980s, he enriched himself and his partners by his takeovers, and at the same time (so his defenders claimed), making money for ordinary stockholders. 

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