New York, New York, November 23, 2015 – Today Carl C. Icahn released the following statement regarding American International Group, Inc. (NYSE: AIG):
Letters
Read Carl’s open letters which are often addressed to shareholders and CEOs of some of the world’s biggest and most important companies, including Apple. In these incisive letters, Carl addresses issues central to the economy, including Corporate Governance and Shareholder Activism.
Unfortunately, my warnings concerning the fact that there will be a large number of our companies leaving the country within the next year is already coming true.
It is my experience that in Corporate America, even when all available data points to the same undeniable conclusion and when all stakeholders desire the same mutually beneficial outcome, an external force is often still required to..
For the past 40 years I have worked diligently to see that errant CEOs and boards were held accountable, and few would disagree that my efforts greatly enhanced the value of hundreds of companies, making many billions of dollars for shareholders.
To Local 54 Employees of the Trump Taj Mahal:
There are some important facts about your union that it is critical that you understand. UNITEHERE is a driving force behind a dysfunctional system that enriches those in power to the detriment of its o
Dear Tim:
We again applaud you and the rest of management for Apple’s impressive operational performance and growth. It is truly impressive that, despite severe foreign exchange headwinds and massive growth in investment (in both R&D and SG&A), the
To Local 54 Employees of the Trump Taj Mahal:
This past weekend I read several articles reporting on Local 54 demonstrations at the Taj Mahal, and I noted a number of grossly inaccurate statements about me to which I feel compelled to respond. I want to make clear that I am not against healthcare plans for employees and I am not against unions. In fact, many of the companies I own have unionized employees with fair and balanced healthcare plans. However, the leadership of those unions does not try to squeeze profits from the employees and their employers.
Dear Twitter Followers:
We were pleased to hear Tim Cook yesterday state publicly: “By and large, my view is, for cash that we don’t need – with some level of buffer – we want to give it back [to shareholders]. It may come across that we are, but we
To the Local 54 Employees Who Delivered a Letter to Me Yesterday:
I received the letter you delivered this morning and thought you made a number of interesting points. In it, you correctly stated that I see myself “as the underdog fighting against
Dear Bob:
I received your letter requesting further aid and assistance in your attempts to keep the Trump Taj Mahal open, and I would like to respond.
Dear Bob:
In a recent interview, you stated that I should start thinking about my legacy. My answer to you is that I have thought about my legacy for many years. I have committed myself to a path of charitable giving that shows just how much I
NOW IS NOT THE TIME TO FIGHT. NOW IS THE TIME TO STOP AND ASK,
WHAT CAN I DO TO HELP SAVE THE TAJ?
I grew up on the streets of Queens. I learned to fight bullies and that was great training because I later built my fortune fighting the establish