#1 Carl Icahn's early activist days: Tappan Inc.

In this episode, we explore a pivotal moment in Icahn's career as he makes a groundbreaking investment in Tappan Inc., leaving a lasting impact on the corporate landscape. Join us as we unravel the fascinating story behind Icahn's involvement with Tappan Inc., a prominent appliance company that had fallen on hard times. Icahn, renowned for his ability to identify undervalued assets and turn them around, recognized the hidden potential within Tappan Inc. and set his sights on selling the company. Throughout this episode, we delve into the intricacies of Icahn's investment strategy, examining his meticulous research and negotiation skills. Discover how he navigated the complex dynamics of Tappan Inc.'s boardroom, working tirelessly to implement changes that led to the market recognizing the hidden value that Icahn saw. King Icahn by Mark Stevens https://www.amazon.com/King-Icahn-Biography-Renegade-Capitalist-ebook/dp/B00KCOVRD8/ref=sr_1_1?crid=1AJI1VC2LJFUL&keywords=king+Icahn&qid=1685746269&sprefix=king+icahn%2Caps%2C86&sr=8-1

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Learn from history's greatest shareholder activists and investors. We study cases of shareholder activism and learn about successful activist strategies when dealing with an entrenched management or board. “You have to understand how the system is structured. The guy who gets to the top of the big corporations is, with notable exceptions, a political animal. He’s a survivor. He knows how to watch his back. That means hiring a number two guy that’s not as smart as him. That works for the CEO because he’s never threatened by his second in command “But think what that does to our corporates..."