Time Magazine this week has Carl Icahn on its cover, arguing that he has become the most important investor in America. Not only because he's gently taking on the nation's most iconic tech companies, Apple Inc. (AAPL), but because he's got the best returns among a group of activist investors who are reshaping a stagnant corporate landscape (Fortune, which shares a publisher with Time, placed "the activist investor" as #2 on its 2013 Businessperson of the Year list, just behind Elon Musk).
Since Time is a general population pub, there isn't too much in there that a business audience wouldn't already know. Nor is there much more than a passing nod to activist critiques, or mention of his failed pursuit of Dell Inc. But here are a few nuggets of note.
Icahn's firm is up 201.5% on the year, compared to a 21% rise in the Dow Jones Industrial Average.
"He thinks, for example, that the Tea Party obsession with the deficit is overblown. He thinks that Fed chairman Ben Bernanke has done a great job and that President Obama is right to worry about inequality and stagnant wages for the lower and middle classes. (Icahn, historically a conservative, says he's disenchanted with "dumb" Republican gaffes like Mitt Romney's "47%" comment and didn't vote in 2012.).
-- Not mentioned is that Icahn did happen to donate $2,500 to Romney's campaign.
"My dining room is the best place to have dinner in the city," he says, recounting deals that were cut there, from the revamping of health-food firm Hain Celestial (whose stock price has quadrupled since Icahn took over) to the splitting of Motorola (which made him nearly $1 billion). "It's quiet, and you can really talk."
Read the full story over at Time.com.
What Carl Icahn wants from Apple.
FORTUNE -- Carl Icahn this morning launched his new website, which includes a letter to Apple (AAPL) CEO Tim Cook.
In it, Icahn details how he has increased his stake in Apple to 4.73 million shares (valued at around $2.5 billion, with plans to buy more), and how he remains convinced that the company should launch a $150 billion share buyback. Icahn also takes great care MOREDan Primack - Oct 24, 2013 9:54 AM ET
Carl Icahn launching new website tomorrow.
FORTUNE -- When Carl Icahn tweets, people listen. So right now there is a lot of attention being paid to this:
Just sent a letter to Tim Cook. Full letter will be disclosed on my website, the Shareholders' Square Table, which will be launched tomorrow— Carl Icahn (@Carl_C_Icahn) October 23, 2013
It obviously will be interesting to see what he says about Apple (AAPL), including if he MOREDan Primack - Oct 23, 2013 3:53 PM ET
Activist investors are getting more powerful and more determined than ever to take on the managements of public companies. The surprise is just how giant that prey has become.
By Geoff Colvin, senior editor-at-large
FORTUNE -- Talk candidly with corporate directors and they'll tell you their No. 1 worry is no longer the economy or the chance of an accounting scandal -- it's activist investors. That's because activists have taken on MORESep 23, 2013 5:00 AM ET
The long Dell saga nears its conclusion.
FORTUNE -- Dell Inc. shareholders today are expected to approve a $24.5 billion buyout of the company by CEO Michael Dell and private equity firm Silver Lake, more than seven months after the agreement was first announced.
Since then there has been a go-shop process that included serious interest from The Blackstone Group, Carl Icahn's entry into the fray, crumbling PC industry data, numerous vote MOREDan Primack - Sep 12, 2013 6:30 AM ET
* Well, at least on the shares it sold to Carl Icahn.
FORTUNE -- Back in June, mutual fund Southeastern Asset Management sold over half of its 8% stake in Dell Inc. (DELL) to Carl Icahn, who had joined SAM in opposing Michael Dell's efforts to take Dell private. SAM sold the shares at a discount to the $13.65 per share buyout offer, believing that Icahn would be in a stronger MOREDan Primack - Sep 9, 2013 4:20 PM ET
Michael Dell nears knockout of Carl Icahn.
FORTUNE -- Carl Icahn today acknowledged that he will be unable to thwart Michael Dell's attempts to take Dell Inc. (DELL) private, with Dell shareholders expected to approve the $25 billion deal this Thursday.
Icahn has been fighting the PC maker's founder and CEO for months, and has become its largest outside shareholder with nearly a 9% stake. But he recently lost a key legal MOREDan Primack - Sep 9, 2013 10:55 AM ET
Not all management buyouts are necessarily bad for shareholders.
FORTUNE -- Ever since Michael Dell first offered to take Dell Inc. (DELL) private, certain people have come out in knee-jerk opposition. "He must know something the rest of us don't," they argue, leading to accusations that Dell is trying to "steal" the company he founded nearly 30 years ago.
First we heard this complaint from longtime Dell stockholders. Then from relative newcomer MOREDan Primack - Aug 16, 2013 1:24 PM ET
Dell has a surprisingly strong quarter. Does that change the PR math?
FORTUNE -- Dell Inc. (DELL) today reported $14.48 billion in second quarter revenue and non-GAAP earnings of $0.25 per share, compared to analyst estimates of $14.5 billion in revenue and $0.24 EPS.
Within those figures
So an obvious question: How does Carl Icahn respond?
For months, Icahn has been effectively accusing Dell management of intentionally sabotaging the company's financials, so as to MOREDan Primack - Aug 15, 2013 4:25 PM ET
Activist makes his next big tech move.
FORTUNE -- Earlier this week Carl Icahn told us to watch his Twitter feed. Now we know why:
No word yet on exactly how many Apple (AAPL) shares Icahn holds, or what Cook's response was to Icahn's overture. Apple stock had been relatively flat before Icahn's tweets, but by 2:50pm was up more than $17 per share (3.66%). For the year, Apple is down more MOREDan Primack - Aug 13, 2013 2:28 PM ET
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