Did You Read It? takes King Icahn, by Mark Stevens: a 1993 biography of the 1980s raider. Chapter one: a board offered him ten million dollars to go away, and he took it on the spot. Chapter eleven: a Texaco block bought at twenty-nine dollars and sold at forty-nine, for a profit of more than five hundred million. Bonus round: the weakness he exploited was bosses insulated from their shareholders, and he made them pay. Gary is giving it to his boss. Anonymously.
King Icahn, by Mark Stevens, is a 1993 biography of the 1980s raider whose method was to buy big stakes in undervalued companies and then make their insulated managements pay: chapter one's epiphany is a board offering him ten million dollars to go away, which he took on the spot, and chapter eleven's Texaco trade, a block bought at twenty-nine dollars and sold at forty-nine for a profit of more than five hundred million, shows the method at full scale.
On the book: King Icahn by Mark Stevens
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King Icahn: Biography of a Renegade Capitalist
Dutton · Jan 1, 1993
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