"Carl Icahn’s Empire Propped Up By ‘Ponzi-Like’ Scheme, Short-Seller Hindenburg Claims"
Activist investor Carl Icahn's wealth plunged by $10 billion on Tuesday after Hindenburg Research targeted Icahn Enterprises with a scathing report.
The news is everywhere - I just posted below the most comprehensive report I have found about the topic.
https://www.institutionalinvestor.com/article/b8yk89flm6sll3/Hindenburg-Accuses-Carl-Icahn-of-Ponzi-Like-Economic-Structure
Bring back Jeff Jacobson
oh no! SB has such a great strategy hate to see that go
Time to unlock some shareholder value. Toner price increase b/c Lou has been losing at the track.
https://m.youtube.com/watch?v=QY2HL1zg6Gk
@cth+1mrvNXYi Who cares? Imagine that Icahn's company's stock price keeps falling and, for some reason, he needs liquidity to buy his own shares and stop the bleeding. You keep imagining that, among the shares he sells to get liquidity, are Xerox shares. And now imagine that SOMEONE buys the shares that Icahn sells. That means that Icahn is no longer the majority shareholder and that SOMEONE could have become the majority shareholder overnight. And that, dear friend, means that there would be a new change of control in the company, leaving SB's and the current board's strategic plan a dead letter. so... who cares? It should matter to all Xerox employees.
Who cares?! The guy still has money to burn. He will never be poor.
Shares of Icahn Enterprises are 30% down in the last 5 days, 12% down today as I write this (May 3rd, 0955h)