$9 Billion Loss: Worst Decision Ever?

$9 Billion Loss: Worst Decision Ever?

Restless. Aggressive. Controversial. Carl Icahn may well be the most famous corporate raider of all time. He first rose to prominence in the 1980s. That’s when he started cutting his teeth as an apex predator, hungry for financial success, willing to push the limits. What was Icahn’s strategy? Well, first, he would identify a struggling company that was undervalued. Then he would raise the cash (often through heavy loans) to buy a controlling st…