Activist Investor Icahn Brings Son Back, Lays Out Succession Plan

[dealmaker]

Activist Investor Icahn Brings Son Back, Lays Out Succession Plan (Reuters)
(Reuters) – Billionaire investor Carl Icahn announced the formal return of his son, Brett, to Icahn Enterprises IEP.O on Thursday, laying the groundwork for a handover of control at one of the world’s most successful activist investment firms. Brett Icahn, 41, will manage a team of portfolio managers, will buy a $10 million stake in the firm and join the board of directors of the firm his 84-year old father has been running for decades, the company said in a release.

 

[murray t turtle]

Activist Investor Icahn Brings Son Back, Lays Out Succession Plan (Reuters)
(Reuters) – Billionaire investor Carl Icahn announced the formal return of his son, Brett, to Icahn Enterprises IEP.O on Thursday, laying the groundwork for a handover of control at one of the world’s most successful activist investment firms. Brett Icahn, 41, will manage a team of portfolio managers, will buy a $10 million stake in the firm and join the board of directors of the firm his 84-year old father has been running for decades, the company said in a release.

%%
Carl Ichan cut a loss on CHK/nat gas crooked co . Good.
But mr Ichan still has a much better than average track record as an investor. Long + short, I think he averaged about 50%, long term. Regardless of his exact %; better than average track record; he had an unusual habit of scaling in a stock over time + announcing it where anyone could profit by following him.
Nabisco Group Holdings was one of his many mega winners...………….
IS he still in low tax FLA??

 

[taowave]

Icahn averaged 50 percent returns???