Carl Icahn |
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Carl Celian Icahn (1936-) is an American billionaire financier.
Icahn, raised in Queens, New York City, earned a reputation as a corporate raider after his hostile takeover of TWA in 1985.
Icahn has also tried to take over Marvel Comics. He has casino interests in Las Vegas, including the Stratosphere and Arizona Charlies which are operated through his company American Entertainment Properties.
In 2004, Icahn purchased a large bloc of stock in a pharmaceutical concern, Mylan Laboratories, after Mylan had announced a deal to acquire another company in that market, King Phamaceuticals, of Bristol, Tennessee. Icahn threatened a proxy fight over the acquisition, saying that the contract required Mylan to over-pay. He also contended that Mylan's chief executive, Robert J. Coury was significantly overcompensated and that Mylan's corporate governance was otherwise badly flawed.
The issue of a Mylan-King merger remains unresolved.
There is a stadium on Randalls Island in New York City that is named after him.
Ichan made a substantial donation to his alma mater Princeton University (A.B., Philosophy, 1957) to fund a genomics laboratory which bears his name.
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