A Short History of Carl Icahn, Angry Billionaire (Who's Now Mad About That Xerox-Fuji Deal)
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If you were to construct a word cloud around all the coverage of Carl Icahn over the years, chances are “angry” would rival “billionaire” and “activist investor” among the terms most associated with him.
For financial journalists, the recurring question surrounding Icahnthe Ur-“corporate raider” who made his name in the ’80s with a hostile takeover of the airline TWA (R.I.P.) and was a short-lived Trump adviseris not so much “Is Carl Icahn angry?” but “What is Carl Icahn angry about today?”
The answer to that question at the moment: the proposed Xerox-Fuji deal. Icahn’s joined in his displeasure by fellow rich guy Darwin Deason; in a joint “Open Letter to Xerox Shareholders” published today at carlicahn.com, the men, who call themselves “Xerox’s two largest individual shareholders,” lay into Fuji’s proposed plan to swallow the iconic American technology company whole. Their statement begins,
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