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He is the big investor who ousted Jerry Yang at Yahoo, worked his way onto the Board of directors and stopped down 18 months later with Yahoo losing value during his tenure. Now he and Einhorn types rooting around and trying to influence Apple. An investor names Daniel Loeb is trying to throw his influence around at Sony. Not sure if this bodes well for either company.
Ichan quits
http://blogs.barrons.com/techtraderdaily...dnot-much/
George Clooney reacts negatively to Loeb trying to split up Sony properties.
http://www.eoshd.com/content/10952/georg...aniel-loeb
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Apple would be an awful big bite for Icahn.
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Gordon Gekko type fella.
Bud: Why do you want to wreck this company!?
Gordon: Because it's WRECKABLE!
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He's the corporate raider who destroyed TWA and put thousands out of work so that he could walk off with millions. He's the guy who popularized the whole corporate raider genre and made it fashionable (and acceptable in some circles) to take over companies, strip them of their assets and leave debt-ridden hulks and thousands of unemployed, leading to a whole host of Icahn wannabes like Mitt Romney and Bain Capital.
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Article Accelerator wrote:
His apparent $1 billion "investment" in AAPL stock gives him about one fifth of 1% ownership of the company. Peanuts.
Wow.. I knew that but it is really hard to wrap your head around a fact like that.
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Back in '97, Bill Gates was making $38,000 a minute. In the time it took for him to drop a deuce, he collected enough from his stock returns to buy a new Mercedes.
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Shouldn't he have bought a little Deuce Coupe?