Who is Carl Icahn and what does he do?
Marketplace - 10/09/2014
Icahn has been fighting for decades.
“Oh, gee, he goes way back,” says Donald Margotta, associate professor of finance at Northeastern University.
In the 1980s, Icahn was known not as an activist, but as a corporate raider, using debt to acquire companies, often to break them up.
“The corporate raiders were a little bit different [than today’s activist investors] in that usually their objective was to acquire the company,” says Margotta. “Whereas now people don’t really want to acquire the company, although they do want to break it up.”