Friday, April 27, 2012

Carl Icahn: The True Measure of a Successful Buy-and-Sell Businessman


Carl Icahn is an American billionaire who has amassed great wealth by buying and selling exciting businesses. He is more popularly known for his moniker “imperial shareholder.” Some of the deals where he had a fortune included Trans World Airlines (TWA) Texas Oil and United States Steel Corporation (USX).

Born and raised in New York, Icahn went to Princeton University in New Jersey where he earned his bachelor’s degree in Arts and Sciences.

His strategy of investments included buying out controlling stakes existing in major companies in the name of a change in management. As the company’s performance improves, he sells it at a high profit.

Icahn believes that his strategy makes a financially distressed company become productive. In defense to his detractors, Icahn says his strategy is not about liquidating businesses. It is about helping them to cope and thrive as a business.

Icahn’s fortune is estimated by Forbes Magazine to be about $14 billion. He is listed as one of the richest men in the world.

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