Carl Icahn

Icahn was born on February 16, 1936, in Brooklyn, New York, to an Ashkenazi Jewish family.{{Cite web |date=September 7, 2010 |title=The world's 50 Richest Jews: 11–20 |url=https://www.jpost.com/Jewish-World/Jewish-Features/The-worlds-50-Richest-Jews-11-20 |url-status=live |archive-url=https://web.archive.org/web/20130615055800/http://www.jpost.com/Jewish-World/Jewish-Features/The-worlds-50-Richest-Jews-11-20 |archive-date=June 15, 2013 |website=The Jerusalem Post}}{{Cite news |last=Berrin |first=Danielle |date=March 19, 2010 |title=Jewish billionaire Carl Icahn wants to buy all of Lionsgate |work=The Jewish Journal of Greater Los Angeles |url=https://jewishjournal.com/uncategorized/77696/ |url-status=live |archive-url=https://web.archive.org/web/20120130231948/http://www.jewishjournal.com/hollywoodjew/item/jewish_billionaire_carl_icahn_wants_to_buy_all_of_lionsgate_20100319/ |archive-date=January 30, 2012}} He was raised in the Far Rockaway neighborhood of Queens in New York City, where he attended Far Rockaway High School.{{Cite web |title=About |url=https://carlicahn.com/about/ |url-status=live |archive-url=https://web.archive.org/web/20161226135711/http://carlicahn.com/about/ |archive-date=December 26, 2016}} His father, Michael Icahn,{{Cite magazine |last=Auletta |first=Ken|author-link=Ken Auletta |date=March 12, 2006 |title=The Raid – How Carl Icahn came up short. |url=https://www.newyorker.com/magazine/2006/03/20/the-raid |url-status=live |magazine=The New Yorker |archive-url=https://web.archive.org/web/20181007034126/https://www.newyorker.com/magazine/2006/03/20/the-raid |archive-date=October 7, 2018}} a "sworn atheist",{{Cite news |date=December 22, 2016 |title=One More Jewish Billionaire Can't Hurt: Carl Icahn Trump's Next Regulations Czar |work=The Jewish Press |url=https://www.jewishpress.com/news/breaking-news/one-more-jewish-billionaire-cant-hurt-carl-icahn-trumps-next-regulations-czar/2016/12/22/}} was a cantor, and later a substitute teacher. His mother, Bella (née Schnall) also worked as a schoolteacher.{{Cite news |last=Gopinath |first=Deepak |date=March 23, 2006 |title=Icahn Gambles on Golf Resort, Casinos, Sausage Casing Makers |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2006-03-23/icahn-gambles-on-golf-resort-casinos-sausage-casing-makers |url-access=subscription}}

Icahn graduated from Princeton University in 1957 with an A.B. in philosophy after completing a senior thesis titled "The Problem of Formulating an Adequate Explication of the Empiricist Criterion of Meaning."{{Cite thesis |last=Icahn |first=Carl Celian |title=The Problem of Formulating an Adequate Explication of the Empiricist Criterion of Meaning |date=1957 |url=https://dataspace.princeton.edu/handle/88435/dsp015d86p129h |archive-date=June 18, 2020 |archive-url=https://web.archive.org/web/20200618190809/https://dataspace.princeton.edu/jspui/handle/88435/dsp015d86p129h |url-status=live}} He entered New York University School of Medicine, but dropped out after two years to join the Army Reserve.{{Cite web |title=Carl C. Icahn Biography |date=June 11, 2023 |url=https://www.britannica.com/biography/Carl-C-Icahn |publisher=Encyclopædia Britannica}}{{Cite news |last1=Wile |first1=Rob |last2=Lopez |first2=Linette |date=January 26, 2013 |title=The Fabulous Life Of Carl Icahn – Investing King And Bill Ackman's Nemesis |work=Business Insider |url=https://www.businessinsider.com/carl-icahn-biography-bill-ackman-rival-herbalife-2013-1}}

File:American_Airlines_-_N972TW_-_Flickr_-_skinnylawyer.jpg was built in 1999 as part of the last-minute fleet renewal of Trans World Airlines. Due to Icahn's hostile takeover, it was instead sold to American Airlines.]]

In 1961, Icahn began his career as a stockbroker for Dreyfus Corporation. In 1963, he became an options manager for Tessel, Patrick & Co. and then he moved to Gruntal & Co.

In 1968, with $150,000 of his own money and a $400,000 investment from his uncle, M. Elliot Schnall, Icahn bought a seat on the New York Stock Exchange and formed Icahn & Co., which focused on risk arbitrage and options trading.{{Cite news |last=Feinberg |first=Andrew |title=Carl Icahn: Better Investor Than Buffett? |work=Kiplinger's Personal Finance |url=https://www.kiplinger.com/article/investing/t052-c000-s002-carl-icahn-better-investor-than-buffett.html |url-status=live |archive-url=https://web.archive.org/web/20150829073245/http://www.kiplinger.com/article/investing/T052-C000-S002-carl-icahn-better-investor-than-buffett.html |archive-date=August 29, 2015}}

In 1978, in his first takeover attempt, he took a controlling stake in Tappan and forced the sale of the company to Electrolux, making a profit of $2.7 million, or doubling his investment. In 1979, he acquired Bayswater Realty & Capital Corporation. In 1983, he acquired ACF Industries and in 1985 he sold those shares to Phillips Petroleum, making a $50 million profit.{{Failed verification|date=February 2022|reason=No mention of Tappan, Bayswater, or AFC in this reference; unable to find replacement.}}

In 1985, by pooling his funds with investor funds and funds borrowed from banks, Icahn acquired 50% of Trans World Airlines, and he completely acquired the company in a leveraged buyout in 1988. Icahn systematically sold TWA's assets to repay money he owed, which was described as "asset stripping" and made him known as a "corporate raider". In 1991, he sold TWA's London routes to American Airlines for $445 million. Icahn made a $469 million profit, and left TWA with $540 million in debt. He formed lowestfare.com to sell TWA tickets and acquired portions of Global Leisure Travel from Ramy El-Batrawi.{{Cite news |last=Del Rosso |first=Laura |date=November 2, 1999 |title=Sale of portions of Global Leisure to Carl Icahn |work=Northstar Travel Group |url=https://www.travelweekly.com/Travel-News/Tour-Operators/Global-Leisure-sells-Maupintour |url-status=live |archive-url=https://web.archive.org/web/20160224055119/http://www.travelweekly.com/Travel-News/Tour-Operators/Global-Leisure-sells-Maupintour/ |archive-date=February 24, 2016}}

In October 1986, Icahn launched an unsuccessful $8 billion hostile takeover for 89% of U.S. Steel; the bid was dropped in January 1987.{{Cite news |date=January 9, 1987 |title=Icahn Drops Bid For Usx Investor Group May Deal Directly With Steelmaker's Shareholders |work=Orlando Sentinel |agency=Chicago Tribune |url=https://www.orlandosentinel.com/news/os-xpm-1987-01-09-0100090270-story.html |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20150212002258/http://articles.orlandosentinel.com/1987-01-09/business/0100090270_1_icahn-usx-redemption |archive-date=February 12, 2015}}{{Cite news |last=Salpukas |first=Agis |date=January 9, 1987 |title=ICAHN ENDS HIS OFFER FOR USX |work=The New York Times |url=https://www.nytimes.com/1987/01/09/business/icahn-ends-his-offer-for-usx.html |url-access=subscription}} In 1991, he sold his stake in the company for $1 billion, making a $200 million profit.{{Cite news |last=Holusha |first=John |date=May 15, 1991 |title=Icahn Sale Of USX Stock Seen |work=The New York Times |url=https://www.nytimes.com/1991/05/15/business/icahn-sale-of-usx-stock-seen.html |url-access=subscription}}

In June 1989, in the largest share sale to date on the New York Stock Exchange, Icahn sold his stake in Texaco for $2 billion, making a profit of $700 million.{{Cite news |last=Cole |first=Robert J. |date=June 2, 1989 |title=Icahn Sells His Texaco Holdings |work=The New York Times |url=https://www.nytimes.com/1989/06/02/business/icahn-sells-his-texaco-holdings.html |url-access=subscription}}

In 1990, he offered to acquire Pan Am for $375 million.{{Cite news |last=Salpukas |first=Agis |date=December 26, 1990 |title=Icahn Gives A Warning To Pan Am |work=The New York Times |url=https://www.nytimes.com/1990/12/26/business/icahn-gives-a-warning-to-pan-am.html |url-access=subscription}}

In 1994, he took a 6.6% interest in Western Company of North America as it was in the process of being acquired by BJ Services.{{Cite news |date=October 15, 1994 |title=COMPANY NEWS; ICAHN GROUP MAY SEEK WESTERN COMPANY TIE |work=The New York Times |agency=Reuters |url=https://www.nytimes.com/1994/10/15/business/company-news-icahn-group-may-seek-western-company-tie.html |url-access=subscription}}

In February 1997, Icahn sold his 7.3% interest in RJR Nabisco for a $125 million profit.{{Cite news |date=February 27, 1997 |title=Icahn sells his RJR stake |work=CNN |url=https://money.cnn.com/1997/02/27/companies/tobacco_a/}}

In June 1997, Icahn took control of Marvel Comics in a rivalry with Ronald Perelman.{{Cite news |last=Norris |first=Floyd |date=June 21, 1997 |title=Icahn-Led Bondholders Take Control of Marvel From Perelman |work=The New York Times |url=https://www.nytimes.com/1997/06/21/business/icahn-led-bondholders-take-control-of-marvel-from-perelman.html |url-access=limited |authorlink=Floyd Norris}}{{Cite news |last=Bryant |first=Adam |date=May 24, 1998 |title=Pow! The Punches That Left Marvel Reeling |work=The New York Times |url=https://www.nytimes.com/1998/05/24/business/pow-the-punches-that-left-marvel-reeling.html |url-access=limited}}

In March 1998, he again bid for Pan Am, offering $43 million.{{Cite news |last=Swoboda |first=Frank |date=March 14, 1998 |title=ICAHN BIDS $43 MILLION FOR PAN AM |newspaper=The Washington Post |url=https://www.washingtonpost.com/archive/business/1998/03/14/icahn-bids-43-million-for-pan-am/a32e1ced-a617-45e5-9176-7f58c2102d6f/}}

In December 1998, Icahn led an investor group that acquired a 5% stake in RJR Nabisco and pressured the company's management to separate its tobacco and food units.{{Cite news |date=December 22, 1998 |title=Icahn eyes RJR again |work=CNN |url=https://money.cnn.com/1998/12/22/deals/icahn/}}

In July 2001, Icahn's Riverdale, LLC lent Genesisintermedia $100 million and received options to purchase 5.5 million shares of the company at an average price of $5.09.{{Cite web |title=In Re: GenesisIntermedia, Inc. Securities Litigation 03-CV |url=https://securities.stanford.edu/filings-documents/1021/GENI01/2005420_r01c_0303471.pdf}}

In 2004, Icahn began raising $3 billion to form Icahn Partners, a hedge fund.{{Cite news |date=January 31, 2021 |title=Carl Icahn Fast Facts |work=CNN |url=https://www.cnn.com/2015/08/21/us/carl-icahn-fast-facts/index.html}} He took ownership stakes in Blockbuster Video and Time Warner.

In 2004, after Mylan announced a $4 billion stock deal to acquire King Pharmaceuticals, Icahn purchased a large block of stock and threatened a proxy fight, urging shareholders to vote against the acquisition.{{Cite news |last=Lara-Cinisomo |first=Vincent |date=December 15, 2004 |title=Icahn reiterates interest in Mylan buy |work=American City Business Journals |url=https://www.bizjournals.com/pittsburgh/stories/2004/12/13/daily25.html}}{{Cite web |date=August 19, 2009 |title=SEC Resolves Empty Voting Action Involving King-Mylan Merger |url=https://corpgov.law.harvard.edu/2009/08/19/sec-resolves-empty-voting-action-involving-king-mylan-merger/ |website=Harvard Law School}}{{Cite news |last=Kennedy |first=Val Brickates |date=September 8, 2004 |title=Mylan: Icahn opposing King merger |work=MarketWatch |url=https://www.marketwatch.com/story/mylan-says-icahn-opposing-merger-with-king |url-access=limited}} In February 2005, Mylan gave up its efforts to acquire King.{{Cite news |last=Kennedy |first=Val Brickates |date=February 28, 2005 |title=King, Mylan Labs terminate merger |work=MarketWatch |url=https://www.marketwatch.com/story/king-pharma-shares-slump-on-end-of-mylan-merger |url-access=limited}}

In 2005, XO Communications announced its intention to sell the wired part of its business for $700 million to Icahn, who was then chairman and a large shareholder; the money would be used to pay back its debts and to buy back its preferred stock for about $600 million from Icahn. Icahn would have then owned the wired business outright, and still own his 60% stake in XO.{{Cite news |last=Knight |first=Jerry |date=November 14, 2005 |title=Carl Icahn's Latest Shuffle |newspaper=The Washington Post |url=https://www.washingtonpost.com/archive/business/2005/11/14/carl-icahns-latest-shuffle/bcc48d02-1064-4e52-9fe9-887c81b2a749/}} Despite Icahn's majority ownership and the board of directors declaring the deal to be in the best interest of shareholders, R2 and other minority shareholders blocked the transaction through the court system in 2008, which charged Icahn with penalties due to his conflict of interest.{{Cite news |last=Nocera |first=Joe |date=August 30, 2008 |title=The Kettle? The Pot Says He's Black |work=The New York Times |url=https://www.nytimes.com/2008/08/30/business/30nocera.html |url-access=limited |authorlink=Joe Nocera}}

In August 2006, Icahn bought stock in Take-Two Interactive, a video game publisher, and increased his holdings to 11.3% in 2009, becoming the company's second-largest shareholder.{{Cite news |last=Madway |first=Gabriel |date=December 21, 2009 |title=Icahn stake raises chance of Take-Two buyout |work=Reuters |url=https://www.reuters.com/article/idUSN1812730020091218 |url-status=live |archive-url=https://web.archive.org/web/20100717110612/http://www.reuters.com/article/idUSN1812730020091218?type=marketsNews |archive-date=July 17, 2010}}

In January 2007, he purchased a 9.2% stake in Telik, a biotech company engaged in cancer research. He also acquired 6.1 million shares of WCI Communities, later acquired by Lennar.

In May 2007, Icahn lost an election for a seat on the board of directors of Motorola, despite owning 3% of the company.{{Cite news |last=Klayman |first=Ben |date=May 7, 2007 |title=Icahn says may not get Motorola board seat |work=Reuters |url=https://www.reuters.com/article/us-motorola-icahn/icahn-says-may-not-get-motorola-board-seat-idUSN0740343520070507}}

On February 9, 2007, Lear Corporation's board of directors accepted a $2.3 billion takeover offer from Icahn.{{Cite news |last=Bailey |first=David |date=February 9, 2007 |title=Lear accepts sweetened Icahn bid, Pzena not swayed |work=Reuters |url=https://www.reuters.com/article/us-lear-icahn/lear-accepts-sweetened-icahn-bid-pzena-not-swayed-idUSWNAS547420070710 |url-status=live |archive-url=https://web.archive.org/web/20171105153508/https://www.reuters.com/article/us-lear-icahn/lear-accepts-sweetened-icahn-bid-pzena-not-swayed-idUSWNAS547420070710 |archive-date=November 5, 2017}}{{Cite press release |title=Lear Announces Expiration of Solicitation Period for Alternative Acquisition Proposal |date=March 27, 2007 |publisher=Lear Corporation |url=https://www.streetinsider.com/Corporate+News/Lear+%28LEA%29+Announces+Expiration+of+Solicitation+Period+for+Alternative+Acquisition+Proposal/1915541.html |url-status=live |archive-url=https://web.archive.org/web/20171027025741/http://www.lear.com/Press-Room/3490/lear-announces-expiration-of-solicitation-period-for-alternative-acquisition-prop.aspx |archive-date=October 27, 2017}}

That month he also invested $50 million in Motricity, a North Carolina–based provider of mobile content delivery technology.

In September 2007, Icahn increased his stake in BEA Systems to 13.22%,{{Cite news |last=Paul |first=Franklin |date=October 3, 2007 |title=Icahn further raises BEA stake to 13.22 percent |work=Reuters |url=https://www.reuters.com/article/mergersNews/idUSN0427677320071004 |url-status=live |archive-url=https://web.archive.org/web/20090111033420/http://www.reuters.com/article/mergersNews/idUSN0427677320071004 |archive-date=January 11, 2009}} a few months before Oracle Corporation announced its acquisition of BEA Systems, which Icahn supported.{{Cite news |date=January 6, 2008 |title=Oracle buying BEA Systems for $8.5 billion |work=The New York Times |url=https://www.nytimes.com/2008/01/16/technology/16iht-weboracle.9262197.html}}

Beginning in 2007, Icahn gradually increased his stake in Biogen.{{Cite news |last=Wallack |first=Todd |date=August 28, 2007 |title=Biogen Idec appears to be in Icahn's sights |work=The Boston Globe |url=http://archive.boston.com/business/globe/articles/2007/08/28/biogen_idec_appears_to_be_in_icahns_sights/ |url-status=live |archive-url=https://web.archive.org/web/20081202174758/http://www.boston.com/business/globe/articles/2007/08/28/biogen_idec_appears_to_be_in_icahns_sights/ |archive-date=December 2, 2008}}{{Cite news |last=Kouwe |first=Zachery |date=June 3, 2009 |title=Icahn Places Two Allies on the Biogen Idec Board |work=The New York Times |url=https://www.nytimes.com/2009/06/04/business/04biogen.html |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20171027074819/http://www.nytimes.com/2009/06/04/business/04biogen.html |archive-date=October 27, 2017}}

In April 2007, Icahn sold his casino interests in Nevada, including the Stratosphere Las Vegas, Arizona Charlie's Boulder, Arizona Charlie's Decatur, and Aquarius Casino Resort which were operated through American Casino & Entertainment Properties, a subsidiary of Icahn Enterprises, for $1.3 billion or $1 billion more than he paid for the properties, to a unit of Goldman Sachs.{{Cite news |date=April 23, 2007 |title=A Goldman Sachs unit is buying 4 casinos from Carl Icahn |work=The New York Times |url=https://www.nytimes.com/2007/04/23/business/worldbusiness/23iht-icahn.4.5406280.html}}

In March 2008, Icahn sued Motorola as part of his effort to gain four seats on Motorola's board and force a sale of its mobile business.{{Cite news |date=March 25, 2008 |title=Icahn sues Motorola for access to documents |publisher=Reuters.com |url=https://www.reuters.com/article/ousivMolt/idUSN2432514920080325 |url-status=live |archive-url=https://web.archive.org/web/20090112030102/http://www.reuters.com/article/ousivMolt/idUSN2432514920080325 |archive-date=January 12, 2009}}

In May 2008, Icahn purchased a large block of shares in Yahoo!, and shortly thereafter threatened to start a proxy fight to remove Yahoo's board of directors in response to their rejection of a takeover bid by Microsoft.{{Cite news |last=Liedtke |first=Michael |date=May 15, 2008 |title=Icahn to Yahoo board: Sell or leave |agency=Associated Press |url=https://azdailysun.com/business/icahn-to-yahoo-board-sell-or-leave/article_623afa9e-7d56-529d-b705-82237788aeb9.html |url-status=live |archive-url=https://web.archive.org/web/20171027025106/http://azdailysun.com/business/icahn-to-yahoo-board-sell-or-leave/article_623afa9e-7d56-529d-b705-82237788aeb9.html |archive-date=October 27, 2017}} Instead, he forced an agreement to expand Yahoo's board to eleven members, including Icahn and two others of his choice.{{Cite news |date=July 22, 2008 |title=Investor Icahn gets 3 board seats in Yahoo deal |work=ABC News |agency=USA Today |url=https://abcnews.go.com/Business/story?id=5425448&page=1 |url-status=live |archive-url=https://web.archive.org/web/20180628044224/https://abcnews.go.com/Business/story?id=5425448&page=1 |archive-date=June 28, 2018}}

In June 2008, Icahn launched a blog, The Icahn Report.{{Cite news |last=Hamilton |first=Dane |date=June 18, 2008 |title=Icahn says blog to go live on Thursday |work=Reuters |url=https://www.reuters.com/article/us-icahn-blog/icahn-says-blog-to-go-live-on-thursday-idUSN1838468720080618}}

In September/October 2008 Icahn was involved in the rejected attempted purchase of Imclone by Bristol-Myers Squibb and in the eventual sale of Imclone to Eli Lilly and Company for $6.5 billion in cash.{{Cite news |last=MURPHY |first=TOM |date=October 30, 2008 |title=Eli Lilly to buy ImClone for more than $6B |agency=Associated Press |url=https://www.memphisdailynews.com/news/2008/oct/7/eli-lilly-agrees-to-buy-imclone-for-over-6b/ |url-status=live |archive-url=https://web.archive.org/web/20171027024955/http://www.wibw.com/home/headlines/30508444.html |archive-date=October 27, 2017}}

In December 2008, he filed suit against Realogy over a proposed debt swap.{{Cite news |last=Prasad |first=Sakthi |date=December 3, 2008 |title=Icahn sues Realogy over debt deal |work=Reuters |url=https://www.reuters.com/article/ousiv/idUSTRE4B27IQ20081203 |url-status=live |archive-url=https://web.archive.org/web/20090214155619/http://www.reuters.com/article/ousiv/idUSTRE4B27IQ20081203 |archive-date=February 14, 2009}}

In April 2009, Icahn engaged in a proxy battle for Amylin.{{Cite news |last=Staton |first=Tracy |date=April 20, 2009 |title=Amylin: Icahn aims for sale to Lilly |work=FiercePharma |url=https://www.fiercepharma.com/pharma/amylin-icahn-aims-for-sale-to-lilly |url-status=live |archive-url=https://web.archive.org/web/20141016120323/http://www.fiercepharma.com/story/amylin-icahn-aims-sale-lilly/2009-04-20 |archive-date=October 16, 2014}}

In September 2009, he offered to buy the shares of XO he did not already own for $0.55 each. He later raised his offer to $0.80, which ultimately expired.

In October, he resigned from the board of directors at Yahoo!,{{Cite web |last=Savitz |first=Eric |date=October 23, 2009 |title=Yahoo: Icahn Quits Board, Having Accomplished…Not Much |url=https://www.barrons.com/articles/BL-TB-18310 |url-access=limited |url-status=live |archive-url=https://web.archive.org/web/20110723011106/http://blogs.barrons.com/techtraderdaily/2009/10/23/yahoo-icahn-quits-board-having-accomplishednot-much/ |archive-date=July 23, 2011 |website=Barron's}} and by the following February had reduced his equity stake from a one-time high of 75 million shares to 12 million shares.{{Cite news |last=Paczkowski |first=John |date=February 16, 2010 |title=Icahn Cans Yahoo |work=AllThingsD |url=https://allthingsd.com/20100216/icahn-cans-yahoo/ |url-status=live |archive-url=https://web.archive.org/web/20100623043045/http://digitaldaily.allthingsd.com/20100216/icahn-cans-yahoo/ |archive-date=June 23, 2010}}

In February 2010, Icahn, through a subsidiary of his Icahn Enterprises LP, acquired the Fontainebleau Las Vegas for about $150 million. In March he was one of a group of lenders who purchased Tropicana Casino & Resort Atlantic City, bringing the company out of bankruptcy for $200 million.

In March 2011, he conducted a failed takeover bid for Lionsgate Films.{{Cite news |last=Lynch |first=Jack |date=August 30, 2011 |title=Icahn Finally Ends His Battle With Lions Gate |work=The New York Times |url=https://dealbook.nytimes.com/2011/08/30/icahn-ends-his-battle-for-lions-gate/ |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20171027030525/https://dealbook.nytimes.com/2011/08/30/icahn-ends-his-battle-for-lions-gate/ |archive-date=October 27, 2017}}

In May 2010, he announced the purchase of an 8.54% stake in Lawson Software.{{Cite news |last=Finkle |first=Jim |date=May 24, 2010 |title=Icahn acquires stake in Lawson Software |work=Reuters |url=https://www.reuters.com/article/us-lawson-icahn/icahn-acquires-stake-in-lawson-software-idUSTRE64N5F320100524 |url-status=live |archive-url=https://web.archive.org/web/20171105152920/https://www.reuters.com/article/us-lawson-icahn/icahn-acquires-stake-in-lawson-software-idUSTRE64N5F320100524 |archive-date=November 5, 2017}}

In May 2010, Icahn held a 6.9% stake in Mentor Graphics,{{Cite news |last=Tibken |first=Shara |date=February 23, 2011 |title=Icahn Makes $1.91 Billion Bid for Mentor Graphics |work=The Wall Street Journal |url=https://www.wsj.com/articles/SB10001424052748703529004576160101397255560 |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20161114084506/http://www.wsj.com/articles/SB10001424052748703529004576160101397255560 |archive-date=November 14, 2016 |issn=0099-9660}} increasing to 14% in July. Mentor's retaliation with a shareholder rights plan failed to deter Icahn who, in February 2011, made an unsuccessful offer to buy the company for about $1.86 billion in cash.{{Cite news |last=Rogoway |first=Mike |date=February 22, 2011 |title=Investors skeptical of Carl Icahn's $1.9 billion bid for Mentor Graphics |work=The Oregonian |url=https://www.oregonlive.com/business/2011/02/carl_icahns_19_billion_bid_for.html}}

In January 2011, Icahn offered to buy Clorox for $10.2 billion.{{Cite news |last=Sailors |first=John |date=July 15, 2011 |title=Icahn makes $10.2B bid for Clorox |work=American City Business Journals |url=https://www.bizjournals.com/sanfrancisco/news/2011/07/15/icahn-makes-102b-bid-for-clorox.html}} By February he had accumulated a 9.08% stake in the company.{{Cite news |last=Wohl |first=Jessica |date=February 11, 2011 |title=UPDATE 3-Icahn takes 9 pct stake in Clorox, shares soar |work=Reuters |url=https://www.reuters.com/article/clorox-icahn-idUSN1123555620110211 |url-status=live |archive-url=https://web.archive.org/web/20151017065127/http://www.reuters.com/article/2011/02/11/clorox-icahn-idUSN1123555620110211 |archive-date=October 17, 2015}}

In October 2012, Icahn reported a 10% stake in Netflix.{{Cite news |last1=Richwine |first1=Lisa |last2=Kim |first2=Soyoung |date=October 31, 2012 |title=Netflix shares soar after Icahn reports 10 percent stake |work=Reuters |url=https://www.reuters.com/article/us-netflix-stock/netflix-shares-soar-after-icahn-reports-10-percent-stake-purchase-idUSBRE89U1GA20121101 |url-status=live |archive-url=https://web.archive.org/web/20121105062549/http://news.yahoo.com/netflix-shares-soar-icahn-reports-10-percent-stake-193220800--finance.html |archive-date=November 5, 2012}}{{Cite news |last=Boorstin |first=Julia |date=October 31, 2012 |title=Icahn Netflix Play Sends Stock Soaring |work=CNBC |url=https://www.cnbc.com/2012/10/31/icahn-netflix-play-sends-stock-soaring.html |url-status=live |archive-url=https://web.archive.org/web/20180325232821/https://www.cnbc.com/id/49627112 |archive-date=March 25, 2018}}

In November 2012, he tried to gain control of the board of directors of Oshkosh Corporation.{{Cite news |last=Barrett |first=Rick |title=Icahn says he'll move on if bid to control Oshkosh Corp. fails |work=Milwaukee Journal Sentinel |url=https://archive.jsonline.com/business/icahn-vows-to-continue-fight-for-oshkosh-corp-8g7rg4j-181382531.html/ |url-status=live |archive-url=https://web.archive.org/web/20121203073555/http://www.jsonline.com/business/icahn-vows-to-continue-fight-for-oshkosh-corp-8g7rg4j-181382531.html |archive-date=December 3, 2012}}

In February 2013, Forbes listed Icahn as one of the 40 highest-earning hedge fund managers.{{Cite news |last=Vardi |first=Nathan |date=February 26, 2013 |title=The 40 Highest-Earning Hedge Fund Managers & Traders 2013 |work=Forbes |url=https://www.forbes.com/lists/2013/hedge-fund-managers-13_land.html |url-status=live |archive-url=https://web.archive.org/web/20170804113554/https://www.forbes.com/lists/2013/hedge-fund-managers-13_land.html |archive-date=August 4, 2017}}

By April 2013, Icahn accumulated a 9.2% stake in Nuance Communications.{{Cite news |last=Krause |first=Reinhardt |date=April 2, 2013 |title=Carl Icahn Seen Pushing Nuance To Divest, Restructure |work=Investor's Business Daily |url=https://www.investors.com/activist-investor-icahn-pushes-for-nuance-changes/ |url-status=live |archive-url=https://web.archive.org/web/20130513221338/http://news.investors.com/technology/040213-650024-activist-investor-icahn-pushes-for-nuance-changes.htm |archive-date=May 13, 2013}} On August 2, 2013, Icahn sued computer giant Dell and its board in an attempt to derail a $24.4 billion buyout bid by the CEO, Michael Dell, in favor of his own rumored forthcoming bid.{{Cite news |last1=Gupta |first1=Poornima |last2=Chan |first2=Edwin |date=August 1, 2013 |title=Icahn sues Dell in latest attempt to foil buyout |work=Reuters |url=https://www.reuters.com/article/us-dell-icahn-idUSBRE97012520130802?feedType=RSS&feedName=topNews&dlvrit=992637}} In October 2013, Icahn held 4.7 million shares of Apple Inc.{{Cite news |title=Carl Icahn Discloses 'Large' Stake in Apple in Tweet |work=Bloomberg News |url=https://www.bloomberg.com/news/2013-08-13/carl-icahn-discloses-large-stake-in-apple-in-tweet.html |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20141018085652/http://www.bloomberg.com/news/2013-08-13/carl-icahn-discloses-large-stake-in-apple-in-tweet.html |archive-date=October 18, 2014}}{{Cite news |last=Kim |first=Susanna |date=August 14, 2013 |title=Apple (AAPL) Stock Surges After Billionaire Carl Icahn's Tweets |work=ABC News |url=https://abcnews.go.com/Business/apple-stock-aapl-crosses-500-twitter-norm-market/story?id=19958207 |url-status=live |archive-url=https://web.archive.org/web/20190908164825/https://abcnews.go.com/Business/apple-stock-aapl-crosses-500-twitter-norm-market/story?id=19958207 |archive-date=September 8, 2019}}{{Cite news |date=November 15, 2013 |title=Carl Icahn Owned 3.9 Million Shares Of Apple As Of September 30 |work=Business Insider |agency=Reuters |url=http://www.businessinsider.com/carl-icahn-owned-39-million-shares-of-apple-as-of-september-30-2013-11 |url-status=live |archive-url=https://web.archive.org/web/20131125234726/http://www.businessinsider.com/carl-icahn-owned-39-million-shares-of-apple-as-of-september-30-2013-11 |archive-date=November 25, 2013}} The same month, Icahn acquired around 61 million shares in Talisman Energy, leading to a surge in the share price.{{Cite news |last=Driver |first=Anna |date=October 8, 2013 |title=Talisman Energy shares surge as Carl Icahn acquires stake |work=Reuters |url=https://www.reuters.com/article/us-talisman-icahn-idUSBRE9960VR20131007 |url-status=live |archive-url=https://web.archive.org/web/20150924185714/http://www.reuters.com/article/2013/10/07/us-talisman-icahn-idUSBRE9960VR20131007 |archive-date=September 24, 2015}} Also that month, he sold about 50% of his shares in Netflix for a profit in excess of $800 million in less than one year.

In November 2013, he acquired a 12.5% interest in Hologic, a medical device and diagnostics manufacturer.

In January 2014, Icahn invested another half billion dollars in Apple Inc.{{Cite news |last=Ablan |first=Jennifer |date=January 28, 2014 |title=As Apple shares fall, Icahn buys another $500 million |work=Reuters |url=https://www.reuters.com/article/us-apple-icahn-idUSBREA0R18X20140128 |url-status=live |archive-url=https://web.archive.org/web/20151017065128/http://www.reuters.com/article/2014/01/28/us-apple-icahn-idUSBREA0R18X20140128 |archive-date=October 17, 2015}}

Also in January 2014, Icahn pushed eBay to complete the corporate spin-off of PayPal. This started a proxy fight which was settled by April.{{Cite press release |title=eBay Inc. and Carl Icahn Settle Proxy Fight |date=April 10, 2014 |publisher=eBay |url=https://www.ebayinc.com/stories/news/ebay-inc-and-carl-icahn-settle-proxy-fight/ |url-status=live |archive-url=https://web.archive.org/web/20140413144643/http://www.ebayinc.com/in_the_news/story/ebay-inc-and-carl-icahn-settle-proxy-fight |archive-date=April 13, 2014}}

In October 2014, Icahn invested in Talisman Energy. The company's stock price went down by 71% and he sold his shares two months later.{{Cite news |last=Crowe |first=Portia |date=January 16, 2016 |title=Carl Icahn's commodities bets are backfiring |work=Business Insider |url=https://www.businessinsider.com/carl-icahns-energy-bets-2016-1 |url-status=live |archive-url=https://web.archive.org/web/20160117030347/http://www.businessinsider.com/carl-icahns-energy-bets-2016-1 |archive-date=January 17, 2016}}

On May 15, 2015, Icahn made a $100 million investment in Lyft.{{Cite news |last1=Sachin R |first1=Sai |last2=McBride |first2=Sarah |date=May 15, 2015 |title=Carl Icahn invests $100 million in ride-sharing service Lyft |work=Reuters |url=https://www.reuters.com/article/us-lyft-financing-icahn-idUSKBN0O01K220150515 |url-status=live |archive-url=https://web.archive.org/web/20151017065127/http://www.reuters.com/article/2015/05/15/us-lyft-financing-icahn-idUSKBN0O01K220150515 |archive-date=October 17, 2015}}

In November 2015, Icahn hired CBRE Group to market the unfinished Fontainebleau Las Vegas to potential buyers.{{Cite news |last1=Karman |first1=Craig |last2=O’Keeffe |first2=Kate |date=November 11, 2015 |title=Carl Icahn Looking to Sell the Fontainebleau Las Vegas |work=The Wall Street Journal |url=https://www.wsj.com/articles/carl-icahn-looking-to-sell-the-fontainebleau-hotel-and-casino-on-las-vegas-strip-1447261126 |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20170312041851/https://www.wsj.com/articles/carl-icahn-looking-to-sell-the-fontainebleau-hotel-and-casino-on-las-vegas-strip-1447261126 |archive-date=March 12, 2017}} Also in November 2015, he swapped his stake in eBay for shares in PayPal.{{Cite web |date=November 16, 2015 |title=Icahn exits eBay stake, opts for PayPal after spinoff |url=https://www.cnbc.com/2015/11/16/carl-icahn-exits-ebay-stake-opts-for-paypal-after-spinoff.html |url-status=live |archive-url=https://web.archive.org/web/20170831125602/https://www.cnbc.com/2015/11/16/carl-icahn-exits-ebay-stake-opts-for-paypal-after-spinoff.html |archive-date=August 31, 2017 |website=CNBC}} Also in November 2015, Icahn disclosed a 7.13% stake in Xerox.{{Cite news |last1=Tharakan |first1=Anya George |last2=Nair |first2=Arathy S. |date=November 23, 2015 |title=Icahn takes stake in Xerox, calls shares 'undervalued' |work=Reuters |url=https://www.reuters.com/article/us-xerox-icahn/icahn-takes-stake-in-xerox-calls-shares-undervalued-idUSKBN0TC2GW20151124}}

In December 2015, Icahn offered to acquire Pep Boys.{{Cite news |last=Orland |first=Kevin |date=December 7, 2015 |title=Pep Boys Rises After Icahn Takes Stake With Eye Toward Deals |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2015-12-07/pep-boys-rises-after-icahn-takes-stake-with-an-eye-toward-deals |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20170312173501/https://www.bloomberg.com/news/articles/2015-12-07/pep-boys-rises-after-icahn-takes-stake-with-an-eye-toward-deals |archive-date=March 12, 2017}} He also raised his stake in Cheniere Energy to 13.8%, making him its largest shareholder.{{Cite news |last=Pramuk |first=Jacob |date=December 7, 2015 |title=Carl Icahn raises Cheniere stake to 13.8% from 12.7%: DJ |work=CNBC |url=https://www.cnbc.com/2015/12/07/carl-icahn-raises-cheniere-stake-to-138-from-127-dj.html |url-status=live |archive-url=https://web.archive.org/web/20170831135555/https://www.cnbc.com/2015/12/07/carl-icahn-raises-cheniere-stake-to-138-from-127-dj.html |archive-date=August 31, 2017}}

In August 2017, Icahn sold the unfinished Fontainebleau Resort Las Vegas for $600 million, more than four times what he paid.{{Cite news |last=Sharf |first=Samantha |title=Carl Icahn Unloads Unfinished Las Vegas Casino For $600 Million—More Than Four Times What He Paid |work=Forbes |url=https://www.forbes.com/sites/samanthasharf/2017/08/29/carl-icahn-unloads-unfinished-las-vegas-casino-for-600-million-more-than-four-times-what-he-paid/ |url-status=live |archive-url=https://web.archive.org/web/20190105190647/https://www.forbes.com/sites/samanthasharf/2017/08/29/carl-icahn-unloads-unfinished-las-vegas-casino-for-600-million-more-than-four-times-what-he-paid/ |archive-date=January 5, 2019}}

In January 2016, Icahn disclosed a 4.66% stake in Gannett Company{{Cite web |last=Assis |first=Claudia |date=January 13, 2016 |title=Carl Icahn discloses 4.66% stake in Gannett |url=https://www.marketwatch.com/story/carl-icahn-discloses-466-stake-in-gannett-2016-01-13 |url-access=limited |url-status=live |archive-url=https://web.archive.org/web/20160116044517/http://www.marketwatch.com/story/carl-icahn-discloses-466-stake-in-gannett-2016-01-13 |archive-date=January 16, 2016 |website=MarketWatch}} and also held shares in Cheniere Energy and Freeport-McMoRan, both of which declined in value. Icahn sold his Apple shares in April 2016, citing concerns about Apple's relationship with China.{{Cite news |last=Hern |first=Alex |date=April 28, 2016 |title=Billionaire investor Carl Icahn sells entire stake in Apple |work=The Guardian |url=https://www.theguardian.com/technology/2016/apr/29/billionaire-investor-carl-icahn-sells-entire-stake-in-apple |url-status=live |archive-url=https://web.archive.org/web/20160429094650/https://www.theguardian.com/technology/2016/apr/29/billionaire-investor-carl-icahn-sells-entire-stake-in-apple |archive-date=April 29, 2016 |issn=0261-3077}}

In August 2016, Icahn increased his stake in Herbalife Nutrition to 21%.{{Cite web |last=English |first=Carleton |date=August 30, 2016 |title=Carl Icahn backs Bill Ackman into a corner in Herbalife battle |url=https://nypost.com/2016/08/30/carl-icahn-backs-bill-ackman-into-a-corner-in-herbalife-battle/ |website=New York Post}}

Also in October 2016, Icahn closed the Trump Taj Mahal Casino in Atlantic City, citing a $350 million loss over several years as well as failure to reach a deal with striking union workers. Nearly 3,000 workers lost their jobs.{{Cite news |last=Gara |first=Antoine |date=October 10, 2016 |title=Billionaire Carl Icahn Closes The Trump Taj Mahal Casino After Union Standoff |work=Forbes |url=https://www.forbes.com/sites/antoinegara/2016/10/10/billionaire-carl-icahn-closes-trump-taj-mahal-casino-after-union-standoff/#953445321af5 |url-status=live |archive-url=https://web.archive.org/web/20161011103814/http://www.forbes.com/sites/antoinegara/2016/10/10/billionaire-carl-icahn-closes-trump-taj-mahal-casino-after-union-standoff/#953445321af5 |archive-date=October 11, 2016}}{{Cite news |last=Jeffery |first=Adam |date=October 10, 2016 |title=Trump Taj Mahal closes after 26 years; 5th casino casualty |work=CNBC |url=https://www.cnbc.com/2016/10/10/trump-taj-mahal-closes-after-26-years-5th-casino-casualty.html |url-status=live |archive-url=https://web.archive.org/web/20161010214425/http://www.cnbc.com/2016/10/10/trump-taj-mahal-closes-after-26-years-5th-casino-casualty.html |archive-date=October 10, 2016}}

In November 2016, he increased his holdings in the car rental company The Hertz Corporation, after the company's stock price had declined significantly.{{Cite news |last1=Welch |first1=David |last2=Boston |first2=Claire |date=November 9, 2016 |title=Icahn Doubles Down on Hertz as Missed Earnings Punish Stock |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2016-11-09/icahn-doubles-down-on-hertz-after-missed-earnings-punish-stock |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20161112021532/https://www.bloomberg.com/news/articles/2016-11-09/icahn-doubles-down-on-hertz-after-missed-earnings-punish-stock |archive-date=November 12, 2016}}

In 2017, Icahn acquired a 9.7% stake in Conduent, sold out of Allergan and Nuance Communications, and increased his stakes in Navistar International and Herbalife Nutrition.{{Cite news |last=Jinks |first=Beth |date=May 15, 2017 |title=Icahn Adds New Stake in Conduent, Exits Allergan and Nuance |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2017-05-15/icahn-adds-new-stake-in-conduent-exits-nuance-allergan |url-status=live |url-access=subscription |archive-url=https://web.archive.org/web/20170516061729/https://www.bloomberg.com/news/articles/2017-05-15/icahn-adds-new-stake-in-conduent-exits-nuance-allergan |archive-date=May 16, 2017}}

In May 2020, Icahn sold his entire 39% stake, or 55.3 million shares, of Hertz Global for 72 cents a share. He lost almost $2 billion on the investment.{{Cite news |last=Isidore |first=Chris |date=May 28, 2020 |title=Carl Icahn lost $2 billion betting on Hertz |work=CNN |url=https://www.cnn.com/2020/05/28/investing/carl-icahn-hertz-bankruptcy-loss/index.html}}

In February 2022 Icahn, who held 200 shares of the company, nominated two people for election to McDonald's board of directors in what may be the first step toward a proxy fight.{{Cite news |last=Gibson |first=Kate |date=February 22, 2022 |title=Carl Icahn takes on McDonald's over "unnecessary suffering" by pigs |work=CBS |url=https://www.cbsnews.com/news/carl-icahn-mcdonalds-pigs-porks-crates-humane-society/}} Icahn aims to pressure McDonald's to improve conditions of pigs raised by its suppliers.{{Cite news |date=February 20, 2022 |title=McDonald's Board of Directors Issues Statement in Response to Carl Icahn |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2022-02-20/mcdonald-s-confirms-two-board-nominations-by-icahn |access-date=April 14, 2022}}

However, in May 2022, only 1% of McDonald's' shareholders voted in favor of nominees put forward by Icahn, scoring a victory against his demands for the improvement of conditions in which pigs are raised. In its statement, McDonald's claimed it is already moving towards a more humane approach to the issue since its pledge in 2012, adding that Icahn's demands were unreasonable.{{Cite news |date=May 26, 2022 |title=McDonald's defeats Carl Icahn in vote over pigs |publisher=BBC News |url=https://www.bbc.com/news/business-61596848 |access-date=May 27, 2022}}

In May 2023, short seller Hindenburg Research released an analysis of Icahn's public company Icahn Enterprises that claims the company is over-valued due to paying large dividends using investments from new investors. In addition, the analysis claims that Icahn took out loans against a majority of his holdings and that these have the potential to be called should the stock price move downward. On the day of the release of this analysis, the share price of Icahn Enterprises dropped by 20%.{{Cite news |date=May 1, 2023 |url-access=subscription |title=Icahn Enterprises' Plunge Just One of Short-Seller Hindenburg's Many Big Hits |publisher=Bloomberg News |url=https://www.bloomberg.com/news/articles/2023-05-02/icahn-enterprise-plunge-just-one-of-hindenburg-s-many-big-hits#xj4y7vzkg |access-date=May 1, 2023}}

Icahn endorsed Donald Trump in the 2016 United States presidential election. He also announced the formation of a super PAC pledging $150 million to push for corporate tax reform, in particular of tax inversions, which occur when corporations move their headquarters from the U.S. to take advantage of lower tax rates elsewhere.{{Cite news |last=Haberman |first=Maggie |date=October 21, 2015 |title=Carl Icahn, Supporter of Donald Trump, Plans $150 Million 'Super PAC' |work=The New York Times |url=https://www.nytimes.com/politics/first-draft/2015/10/21/carl-icahn-supporter-of-donald-trump-plans-150-million-super-pac |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20180311143857/https://www.nytimes.com/politics/first-draft/2015/10/21/carl-icahn-supporter-of-donald-trump-plans-150-million-super-pac |archive-date=March 11, 2018 |authorlink=Maggie Haberman}}

Upon becoming the presumptive Republican presidential nominee, Trump announced that he would nominate Icahn for United States Secretary of the Treasury.{{Cite news |last=Swanson |first=Ana |date=September 29, 2015 |title=Donald Trump's first Cabinet pick is just as controversial as he is, and a lot richer |newspaper=The Washington Post |url=https://www.washingtonpost.com/news/wonk/wp/2015/09/29/donald-trumps-first-cabinet-pick-is-just-as-controversial-as-he-is-and-a-lot-richer/ |url-status=live |archive-url=https://web.archive.org/web/20160610134624/https://www.washingtonpost.com/news/wonk/wp/2015/09/29/donald-trumps-first-cabinet-pick-is-just-as-controversial-as-he-is-and-a-lot-richer/ |archive-date=June 10, 2016}} However, he instead nominated Steven Mnuchin.{{Cite news |title=Trump's Man Steve Mnuchin; Wall Street, Hollywood and Now Treasury? |url=http://www.foxbusiness.com/politics/2016/11/29/trumps-man-steve-mnuchin-wall-street-hollywood-and-now-treasury.html |url-status=live |archive-url=https://web.archive.org/web/20170812004957/http://www.foxbusiness.com/politics/2016/11/29/trumps-man-steve-mnuchin-wall-street-hollywood-and-now-treasury.html |archive-date=August 12, 2017}}{{Cite web |title=Senate Confirms President Trump's Treasury Secretary Pick Steven Mnuchin |url=https://fortune.com/2017/02/13/steven-mnuchin-nears-senate-confirmation/ |url-status=live |archive-url=https://web.archive.org/web/20170504062858/http://fortune.com/2017/02/13/steven-mnuchin-nears-senate-confirmation/ |archive-date=May 4, 2017}}

On December 21, 2016, it was announced that Icahn would serve as special advisor to the president on regulatory reform under President Donald Trump and that Icahn would aid Trump in an "individual capacity" rather than as a federal employee, and that he would not have "specific duties" and therefore would not have to relinquish his business interests while serving as an advisor to Trump.{{Cite news |last=Pramuk |first=Jacob |date=December 21, 2016 |title=Trump names Icahn as special advisor on regulation, vows to shred Obama rules |work=CNBC |url=https://www.cnbc.com/2016/12/21/trump-to-name-icahn-as-special-adviser-on-regulatory-overhaul-report.html |url-status=live |archive-url=https://web.archive.org/web/20170819064123/https://www.cnbc.com/2016/12/21/trump-to-name-icahn-as-special-adviser-on-regulatory-overhaul-report.html |archive-date=August 19, 2017}} Icahn stepped down from this role on August 18, 2017, citing a desire not to interfere with the work of Neomi Rao as administrator of the Office of Information and Regulatory Affairs.{{Cite news |date=December 21, 2016 |title=Donald Trump Enlists Carl Icahn as His Special Adviser on Regulations |work=Fortune |agency=Reuters |url=https://fortune.com/2016/12/21/donald-trump-carl-icahn-special-adviser-regulations/ |url-status=live |archive-url=https://web.archive.org/web/20170819022318/http://fortune.com/2016/12/21/donald-trump-carl-icahn-special-adviser-regulations/ |archive-date=August 19, 2017}}{{Cite web |date=August 18, 2017 |title=Carl Icahn Issues Statement – Carl Icahn |url=https://carlicahn.com/carl-icahn-issues-statement/ |url-status=live |archive-url=https://web.archive.org/web/20190207033436/https://carlicahn.com/carl-icahn-issues-statement/ |archive-date=February 7, 2019 |website=carlicahn.com}}{{Cite news |last=Wattles |first=Jackie |date=August 18, 2017 |title=Billionaire Carl Icahn steps down as adviser to President Trump |work=CNN |url=https://money.cnn.com/2017/08/18/news/donald-trump-carl-icahn/index.html?sr=fbCNN081817donald-trump-carl-icahn0530PMStoryLink |url-status=live |archive-url=https://web.archive.org/web/20170819022656/http://money.cnn.com/2017/08/18/news/donald-trump-carl-icahn/index.html?sr=fbCNN081817donald-trump-carl-icahn0530PMStoryLink |archive-date=August 19, 2017}}{{Cite news |title=Trump adviser resigned ahead of negative magazine story |agency=Associated Press |url=https://www.post-gazette.com/business/powersource/2017/08/19/Trump-adviser-resigned-ahead-of-negative-magazine-story-1/stories/201708190098 |url-status=live |archive-url=https://web.archive.org/web/20170820050128/https://www.washingtonpost.com/politics/federal_government/trump-adviser-resigned-ahead-of-negative-magazine-story/2017/08/19/a087dd6c-8510-11e7-9e7a-20fa8d7a0db6_story.html |archive-date=August 20, 2017}}{{Cite magazine |last=Keefe |first=Patrick Radden |title=Carl Icahn's Failed Raid on Washington; Was President Trump's richest adviser focused on helping the country—or his own bottom line? |url=https://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington |url-status=live |magazine=The New Yorker |issue=August 28, 2017 |archive-url=https://web.archive.org/web/20170821011914/http://www.newyorker.com/magazine/2017/08/28/carl-icahns-failed-raid-on-washington |archive-date=August 21, 2017 |authorlink=Patrick Radden Keefe}}

In February 2018, Icahn avoided a $6 million loss by selling some of his holdings in a steel-price sensitive stock just days before the Trump administration announced a 25% tariff on steel imports.{{Cite news |last=Rushe |first=Dominic |date=March 2, 2018 |title=Ex-Trump adviser sold $31m in shares days before president announced steel tariffs |work=The Guardian |url=https://www.theguardian.com/business/2018/mar/02/carl-icahn-shares-sell-trump-steel-tariffs-announcement-timing |url-status=live |archive-url=https://web.archive.org/web/20180302205106/https://www.theguardian.com/business/2018/mar/02/carl-icahn-shares-sell-trump-steel-tariffs-announcement-timing |archive-date=March 2, 2018}}

When the President had Icahn interview Scott Pruitt during consideration of his nomination as Administrator of the Environmental Protection Agency, Icahn specifically asked Pruitt about his position on the EPA's Renewable Fuel Standard.{{Cite news |last=Lipton |first=Eric |author-link=Eric Lipton |date=March 27, 2017 |title=Icahn Raises Ethics Flags With Dual Roles as Investor and Trump Adviser |work=The New York Times |url=https://www.nytimes.com/2017/03/26/us/politics/carl-icahn-trump-adviser-red-flags-ethics.html |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20170404051149/https://www.nytimes.com/2017/03/26/us/politics/carl-icahn-trump-adviser-red-flags-ethics.html |archive-date=April 4, 2017}} Icahn spoke directly to President Trump and to Gary Cohn about his proposed changes to the ethanol rule. CVR Energy, in which Icahn has 82% ownership, would save $205.9 million a year if Icahn's proposal was adopted. The Sugar Land, Texas oil refinery benefited when President Trump made an exception to his regulation freeze to expand the tax advantage of master limited partnerships. CVR Energy's stock doubled after President Trump's election, increasing $455 million in value.

In the summer of 1978, Icahn, then 41 years old, met Liba Trejbal, a 28-year-old ballerina from the former Czechoslovakia. She became pregnant 8 months later and Icahn offered to marry her if she signed a prenuptial agreement. They were married in March 1979. In October 1993, Liba filed for divorce and sued to invalidate the prenuptial agreement, claiming she signed it under duress due to the pregnancy. The divorce was settled in July 1999.{{Cite web |date=October 1, 2001 |title=Icahn v. Todtman – H2O |url=https://h2o.law.harvard.edu/collages/4696 |website=Harvard Law School |publisher=United States District Court for the Southern District of New York |access-date=October 19, 2021 |archive-date=October 19, 2021 |archive-url=https://web.archive.org/web/20211019041338/https://h2o.law.harvard.edu/collages/4696 |url-status=dead }}{{Cite magazine |last=Auletta |first=Ken |date=March 20, 2006 |title=The Raid |url=https://www.newyorker.com/magazine/2006/03/20/the-raid |url-status=live |magazine=The New Yorker |archive-url=https://web.archive.org/web/20130412235201/http://www.newyorker.com/archive/2006/03/20/060320fa_fact4?currentPage=4 |archive-date=April 12, 2013}}{{Cite book |last=Slater |first=Robert |url=https://books.google.com/books?id=2yL65SqLvqMC&dq=liba&pg=PA83 |title=The Titans of Takeover |publisher=Beard Books |year=1999 |isbn=9781893122505 |page=83 |archive-url=https://web.archive.org/web/20170215195442/https://books.google.com/books?id=2yL65SqLvqMC&pg=PA83&lpg=PA83&dq=liba+m++icahn&source=bl&ots=L_O8S8vtB_&sig=99YxrE4T6IpiFSMjTISBs8mkK_0&hl=en&sa=X&ei=S9vCT_XcEqrX6gGU2OmgCg&ved=0CFkQ6AEwBDge#v=onepage&q=liba&f=false |archive-date=February 15, 2017}}{{Cite news |date=June 11, 2000 |title=Icahn: The Once And Future Dealmaker |work=Bloomberg News |url=https://www.bloomberg.com/news/articles/2000-06-11/icahn-the-once-and-future-dealmaker |url-status=live |archive-url=https://web.archive.org/web/20120928220151/http://www.businessweek.com/stories/2000-06-11/icahn-the-once-and-future-dealmaker |archive-date=September 28, 2012}}{{Cite news |last=Gregorian |first=Dareh |date=July 22, 1999 |title=ICAHN DIVORCE FINALLY A DONE DEAL |work=New York Post |url=https://nypost.com/1999/07/22/icahn-divorce-finally-a-done-deal/}} They have two children, Brett Icahn and Michelle Celia Icahn Nevin. His nephew is Rick Schnall.{{Cite book |last=McDonald |first=Lawrence G. |url=https://books.google.com/books?id=AIZI_Zx1SNkC&q=Rick+Schnall+wife&pg=PA26 |title=A Colossal Failure of Common Sense: The Inside Story of the Collapse of Lehman Brothers |date=October 12, 2010 |publisher=Crown Publishing Group |isbn=9780307588340 |pages=26 |archive-url=https://web.archive.org/web/20201027145931/https://books.google.com/books?id=AIZI_Zx1SNkC&q=Rick+Schnall+wife&pg=PA26 |archive-date=October 27, 2020 |url-status=live}}

In 1999, Icahn married his longtime assistant and former broker, Gail Golden. She has two children from a previous marriage.

File:CarlC. Icahn Laboratory Princeton University NewJersey.jpg]]

File:Carl C. Icahn Center for Science 1 - Choate Rosemary Hall.jpg]]

Icahn Stadium on Randall's Island in New York City is named after him, as is the Carl C. Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Hall, a prep school in Connecticut. This organization pays for tuition, room and board, books, and supplies for 10 students every year for four years (freshman–senior), an endowment valued at about $400,000 per annum.

Icahn made a substantial contribution to his alma mater, Princeton University, to fund a genomics laboratory which bears his name, the Carl C. Icahn Laboratory at the university's Institute for Integrated Genomics.{{Cite press release |title=Icahn Family Foundation Gives $20 Million for New Genomics Laboratory |date=October 21, 1999 |publisher=Princeton University |url=https://pr.princeton.edu/news/99/q4/1021-icahn.htm |url-status=live |archive-url=https://web.archive.org/web/20200611122225/https://pr.princeton.edu/news/99/q4/1021-icahn.htm |archive-date=June 11, 2020}} He also made large contributions to Mount Sinai Hospital, New York, of which he is a trustee, which in return named a building the Icahn Medical Institute designed by Davis Brody Bond, and also, in 2013, renamed the Mount Sinai School of Medicine as the Icahn School of Medicine at Mount Sinai.{{Cite news |last=Hartocollis |first=Anemona |date=November 14, 2012 |title=$200 Million Gift, and a New Name, for Mt. Sinai Medical School |work=The New York Times |url=https://www.nytimes.com/2012/11/15/nyregion/with-gift-mt-sinai-medical-school-to-be-renamed-for-carl-icahn.html |url-access=limited |issn=0362-4331}} The genomics institute led by Brian Brown, PhD, was renamed the Icahn Genomics Institute.{{Cite news |date=November 15, 2012 |title=Icahn pledges $200 mln to Mount Sinai medical complex |work=Reuters |url=https://www.reuters.com/article/icahn-donation-idUSL1E8MF96Q20121115 |url-status=live |archive-url=https://web.archive.org/web/20200629004217/https://www.reuters.com/article/icahn-donation-idUSL1E8MF96Q20121115 |archive-date=June 29, 2020}}

His foundation, the Children's Rescue Fund, built Icahn House in The Bronx, a 65-unit complex for homeless families consisting of single pregnant women and single women with children, and operates Icahn House East and Icahn House West, both of which are homeless shelters in New York City.

In 2010, Icahn joined the Giving Pledge list, pledging to give away more than half his fortune.{{Cite news |last=Adeneji |first=Ade |date=April 6, 2015 |title=Carl Icahn Will Give Away Over $20 Billion. But When? And Where Will the Money Go? |work=Inside Philanthropy |url=https://www.insidephilanthropy.com/home/2015/4/6/carl-icahn-will-give-away-over-20-billion-but-when-and-where.html |url-status=live |url-access=limited |archive-url=https://web.archive.org/web/20150408234248/http://www.insidephilanthropy.com/home/2015/4/6/carl-icahn-will-give-away-over-20-billion-but-when-and-where.html |archive-date=April 8, 2015}} Icahn is an activist investor, and has worked with the Humane Society of the United States in pushing McDonald's to achieve its pledge to end the sourcing of pork produced with gestation crates.{{Cite web |title=Why Carl Icahn Is Ready For Proxy Fight Over How McDonald's Sources Pork |url=https://www.msn.com/en-us/money/companies/why-carl-icahn-is-ready-for-proxy-fight-over-how-mcdonald-s-sources-pork/ar-AAU08t8 |access-date=February 20, 2022 |website=MSN |language=en-US}}

Oliver Stone used Icahn as the basis for the hostile, cutthroat capitalist character of Gordon Gekko, portrayed by Michael Douglas in his hit film Wall Street (1987). One of Icahn's shareholder meeting speeches provided the basis for Gekko's iconic "greed is good" speech.{{cite web | url=https://www.theguardian.com/tv-and-radio/2022/mar/03/carl-icahn-billionaire-documentary | title=Carl Icahn documentary digs into life of billionaire, but don't expect an exposé | work=The Guardian | date=March 3, 2022 | last1=Lawrence | first1=Andrew }}

Carl Icahn is featured in the 2022 HBO documentary Icahn: The Restless Billionaire directed by Bruce David Klein and produced by Atlas Media Corp.

Icahn has the following awards:

• Golden Plate Award of the American Academy of Achievement in 1984,{{Cite web |title=Golden Plate Awardees of the American Academy of Achievement |url=https://achievement.org/our-history/golden-plate-awards/#business |url-status=live |archive-url=https://web.archive.org/web/20161215023909/https://achievement.org/our-history/golden-plate-awards/#business |archive-date=December 15, 2016 |publisher=American Academy of Achievement}}
• Starlight Foundation – Founders Award & 1990 Man of the Year Award.
• Guardian Angel 2001 Man of the Year
• In 2004, he was honored by the Center for Educational Innovation{{snd}} Public Education Association for his work with charter schools.
• In 2006, he was honored with the 100 Women in Hedge Funds Effecting Change Award for his outstanding contributions to improving education.

In 1985, Icahn established Foxfield Thoroughbreds, a horse breeding operation. At that year's Newstead Farm Trust sale run by Fasig-Tipton, he paid $4 million for Larida, a six-year-old mare and a record $7 million for the four-year-old bay mare Miss Oceana who was in foal to champion sire, Northern Dancer.{{Cite news |date=November 11, 1985 |title=Broodmare Brings Record $7 Million |work=The New York Times |agency=United Press International |url=https://www.nytimes.com/1985/11/11/sports/broodmare-brings-record-7-million.html |url-access=subscription}}

Icahn's Meadow Star won the 1990 Breeders' Cup Juvenile Fillies and was voted the American Champion Two-Year-Old Filly.

In 1992, Foxfield ended its racing operation and became a commercial breeder, having bred more than 140 graded stakes race horses.

In 2004, Icahn shut down Foxfield, selling all his mares and weanlings without reserve at the Keeneland Sales November breeding stock auction.{{Cite news |last=Biles |first=Deirdre B. |date=November 9, 2004 |title=Foxfield Phasing Out Breeding Operation at Keeneland Sale |work=The Blood-Horse |url=https://www.bloodhorse.com/horse-racing/articles/173099/foxfield-phasing-out-breeding-operation-at-keeneland-sale}}

• List of people and organisations named in the Paradise Papers

{{Reflist}}

• {{Cite book |last=Bruck |first=Connie |title=The Predators' Ball |publisher=Penguin |year=1988 |isbn=978-0-14-012090-5 |location=New York |chapter=Chapter 8: Icahn-TWA: From Greenmailer to Manager-Owner}}
• {{Cite book |last1=Stevens |first1=Mark |title=King Icahn: The Biography of a Renegade Capitalist |last2=Stevens |first2=Carol Bloom |publisher=E. P. Dutton |year=1993 |isbn=978-0525936138 |location=New York}}

• {{official website|https://carlicahn.com/}}
• [https://www.forbes.com/profile/carl-icahn/ Profile of Carl Icahn] – Forbes
• [https://fintel.io/i/icahn-carl-c Carl C. Icahn - Current Holdings]
• [https://www.businessinsider.com/carl-icahn-biography-bill-ackman-rival-herbalife-2013-1 Carl Icahn: Business Insider]
• [https://www.nexchangenow.com/news/49301/carl-icahn-early-years-working-through-the-ranks/ NexChange: Carl Icahn]

{{Trump Executive Office}}

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{{DEFAULTSORT:Icahn, Carl}}

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