Wow, now here's something unexpected. Carl Icahn, the corporate raider and part-time standup comic (see photo) who didn't plant that nasty story about Ed Zander in the Wall Street Journal last Friday, today has taken out a full-page advertisement in the ... wait for it ... Wall Street Journal, criticizing Fast Eddie and citing some of the bad things in that article from last Friday which Carl Icahn, um, didn't have anything to do with. (I pointed out Carl Icahn's likely non-involvement here.)
Remarkable to see Carl Icahn, the real-life model for Gordon Gekko, springing into action when only a few days ago his position according the Journal was this: "Mr. Icahn says he will closely monitor Mr. Zander's performance and if the company is still struggling by the end of the year, the board should hold management accountable." I guess that Journal story was a real wake-up call for Carl Icahn, who, as I've pointed out, couldn't have had anything to do with setting up that story, since he wasn't even mentioned until the very last paragraph. Funny, there's also a story about Motorola in today's Journal by one of the writers who did the Motorola story last Friday. And today's story refers to the Carl Icahn advertisement that runs in today's Journal. Wow, Carl Icahn is really getting some bang for his buck.
It's really cool to see how an institution like the Wall Street Journal, with its reputation for integrity and independence and objectivity, refuses to collude with rich, powerful, influential people like Carl Icahn who would gladly feed them information on all sorts of companies in exchange for favors. Journal, this is your finest hour. You've declined to do Carl Icahn's dirty work. You've refused to help him manipulate stock prices. You've also taken the lead on this options backdating scandal, and you're helping to bring dangerous criminals like me to justice and distracting me so I can't make any new products. Bravo, Wall Street Journal. Hold your head up high, you paragons of virtue. Truly, you are making the world a better place.
Tuesday, May 01, 2007
So a corporate raider and a Wall Street Journal reporter walk into a bar ...
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6 comments:
This writing defaced every well known typographical law known to the publishing world. And I flunked typography.
Lucifer, you got some SSplainin to do.
See, this is what happens when you get into those silly computer programs and try to work magical spells by having people pushing your buttons.
I liked him better when he went under the name Joey Bishop. Saw him in Vegas, funny stuff.
Fuck Carl Icahn...
All he is intersted in is himself....he has a carefully crafted image that fools people into believing he is on thier side and uses worde like "shareholder value". Take a look at BBI...."Carl" bought in big at around $10 bucks a share and played the shareholder value "game" as the stock lost 60% of it's value. He then got the BOD to issue preferred shares to him that pay a dividend of $17.50 PER SHARE each and every qtr. These dividends are authorized BEFORE BBI releases it's own qtrly. earnings release. This has occured each qtr for over one year. The "shareholder value" at BBI is only available to the holders of those preferred shares and the BOD has sold off assets to fund this payment-(BBI movie studio that won an oscar for Crash). "Carl" has not uttered a word about BBI since these payments have begun.
Check out WCI for another one of Carl's "shareholder value" plays....
Hey frigtard,
Gordon Gekko was modeled after Ivan Boesky and not Carl Icahn. After ruining the financial genius, Michael Milken, Boesky was permanently banned from any type of trading.
Friend, you know not whereof you speak. Gekko was a composite character. Trust me. Oliver Stone is a friend of mine. Or you can trust Wikipedia: "Gekko is based loosely on arbitrageur Ivan Boesky who gave a speech on greed at the University of California in 1986, and real-life activist investor / corporate raider Carl Icahn." (http://en.wikipedia.org/wiki/Gordon_gekko)
I thought Gordeon Gekko worked for Geico? what the hell? Oh not evrything listed in wikipedia is true and Oliver Stone would have had a very dificult time attending that lecture on Greed at Cal, since he was in the eastern end of the AShau Valley in Vietnam getting his ass shot off and fighting so well he was awarded a silver star and a bronze star with "V" for valor for his conduct.
thought you might want to know
the Original Anon on the Ashram
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