Shortly after losing a bid for MGM, Carl Icahn is back at it again. In the MGM deal he was battling against Spyglass chiefs Gary Barber and Roger Birnbaum. This time he goes up against heavyweights The Blackstone Group for Dynegy. Carl is always ready for a good hostile takeover, and his story is an interesting one. Before he started his firm Icahn & Co in 1968, supposedly he originally wanted to be an opera singer, and also attended 3 years of medical school (so don’t feel bad if you’re feeling off path). He also got a degree in Philosophy from Princeton (so Economics is not the end all be all for Wall St.).
Above is an excellent in depth biography video from 60 minutes which describes the “Icahn” lift. Notice how he is “pouncing when everyone else is losing their shirts.” Hmm…sounds a lot like Buffett’s quote “Be greedy when others are fearful.”
To read more about his current dealings click HERE.