Icahn defends move on Dell, Transocean
A day after singling out the two companies for his legendary brand of investor activism, the Wall Street buccaneer said he was doing what he had always done: pressing companies and chief executives to perform better and reward investors better.
Frequently Asked Questions about this Article…
Carl Icahn is described as a Wall Street raider and buccaneer known for a legendary brand of investor activism. He pressures companies and chief executives to perform better and to reward shareholders more.
Icahn singled out Dell and Transocean because he believes such companies need a "shaking up" to improve performance and deliver greater benefits to shareholders.
By "shaking up" he means pressing company management and CEOs to make changes that boost company performance and result in better rewards for investors.
According to Icahn’s stated goal, his activism aims to prompt management changes that could improve company performance and increase returns for shareholders — outcomes that may be beneficial to everyday investors.
No. Icahn defended his actions by saying he was doing what he had always done: pressing companies to perform better and reward investors.
When an activist like Icahn targets a company, investors may want to watch for management responses, proposed changes to strategy or governance, and any announcements about shareholder value initiatives, since the activist’s stated aim is improving performance and rewards.
Yes. Icahn has defended his moves on Dell and Transocean by emphasizing that his interventions aim to benefit shareholders through better company performance and increased rewards.
The article discusses Icahn’s twin attacks on Dell and Transocean, but does not provide information about whether they are the only companies he has targeted.
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