Carl Icahn Quotes
Carl Celian Icahn (born February 16, 1936) is an American investor and business magnate. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City, formerly known as American Real Estate Partners. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products.
Read more about this author on Wikipedia
A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses.
I can tell you how bad our boards are... I don't have to watch Saturday Night Live anymore; I just go to the board meetings.
Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.
In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.
We have bloated bureaucracies in Corporate America. The root of the problem is the absence of real corporate democracy.
Too often it's not the most creative guys or the smartest. Instead, it's the ones who are best at playing politics and soft-soaping their bosses. Boards don't like tough, abrasive guys.
Reuters was completely accurate that I am concerned about the level of the market. But I also made it clear on the conference call (and I believe as Reuters reported it), that it is almost impossible to predict what a market will do in the short term. There are too many variables.
In life and business, there are two cardinal sins. The first is to act precipitously without thought and the second is to not act at all.
CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.
We want these assets to be productive. We buy them. We own them. To say we care only about the short term is wrong. What I care about is seeing these assets in the best hands
The CEO is, by far, the most important decision for a company... The company is going to rise and fall with the CEO.
When you have no one to answer to, vendetta as investment strategy is as legitimate as anything.