Billionaire activist investor, Far Rockaway native and track-and-field stadium namesake Carl Icahn says that the board at Lions Gate Entertainment has conspired with shareholders to hurt his chances at implementing changes at the company.
Lawyers for Icahn are saying that Michael Burns, vice chairman of Lions Gate’s board colluded with investors to dilute Read More
Financier and corporate raider Carl Icahn has been after stock in Lions Gate Entertainment for years. In a new legal claim Icahn and 8 other plaintiffs filed in New York County in late July, the current Lions Gate board of directors is accused of facilitating “an unlawful sham transaction.” The claim states that Read More
Lights! Camera! Icahn!
It was only a matter of time before Hollywood was on the receiving end of some old-school corporate Kick Ass. We speak of the arrival of Carl Icahn as hostile bidder for Lionsgate Entertainment, the studio that released the teen superhero movie that led the box office when it opened two weekends Read More
Last November, after three years of writing about magnificently overpriced New York residential real estate, I moved to the Wall Street beat. It is sober and civilized by comparison. What I feel nostalgic for isn’t the real estate itself. Even though it’s fun to visit cosmic Manhattan homes—like the hand-built third floor of the Plaza, Read More
The covers of the Wall Street Journal and the New York Times‘ business section today both have huge stories on Wall Street pay. And they look very different.
The Times story, “Pay of Hedge Fund Managers Roared Back Last Year,” says that the country’s top 25 hedge fund managers made $25.3 billion last Read More
Is Carl Icahn swooping in on MGM?
Nikki Finke says he’s buying up MGM bonds like a “bat out of hell,” but the bonds are privately traded so her sources can’t exactly be confirmed.
There are $3.7 billion in bonds out there, according to Ms. Finke, so Mr. Icahn would have to invest Read More
One can assume that it would be exceedingly upsetting to be close with Carl Icahn, the 43rd wealthiest man in the world. Fellow billionaire Wilbur Ross once said that the activist investor is “especially good at terrorizing people.” And Mr. Ross is a friend.
The flip side is that you live very luxuriantly. According to Read More
In October–right around the time that the financial crisis began to seem a whole lot more real–hedge fund billionaire Carl Icahn put his 177-foot yacht, the Starfire, up for sale for $37.5 million. Then, Russian billionaire Roman Abramovich, who has been so affected by the economic downturn that he reportedly had to Read More
Just who is Carl Icahn? According to the bio on his newly launched blog, The Icahn Report™, he’s just a humble, decent person like you:
I was born in Brooklyn and grew up in Far Rockaway, Queens. My father was a frustrated opera singer and settled on being a cantor in Read More
Diddy’s a Winna!
“What the fuck is going on!” bellowed Jessica Rosenblum at an underling. They were working the door at Crobar on Monday night. Ms. Rosenblum is a fiery, petite blonde with a voice that carries like foghorn. “How did that get all the way through? He had a bright blue shirt on. That Read More