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Carl Icahn is an American private equity investor, financier, and corporate raider. He attended Princeton University for a B.A. in Philophy (1957), and New York University School of Medicine which he left prior to graduation. Icahn started working on Wall street in 1961. In 1968 he founded Icahn & Co. - a securities firm focusing on risk arbitrage and options trading. In 1978 Icahn began taking control of positions in individual companies and since then has taken such positions at corporations such as RJR Nabisco, TWA, Texaco, Phillips Petroleum, Western Union, Gulf & Western, Viacom, Uniroyal, Dan River, Marshall Field, E-II (Culligan and Samsonite), American Can, USX, Marvel Comics, Revlon, Imclone, Federal-Mogul, Fairmont Hotels, Blockbuster, Kerr-McGee, Time Warner, and Motorola. Recently he’s shown interest in the takeover of Yahoo! and the ousting of Jerry Yang from his current CEO position to allow Microsoft to purchase the web company. In June 2008 he launched The Icahn Report which campaigns for shareholder rights. It hosts United Shareholders of America where individual investors can sign up and take part. In July 2010 Icahn acquired 14% of Mentor Graphics. Because of this the company signed a Poison Pill provision and as of September 2010 Icahn owns just less than 15% of Mentor Graphics.
Icahn’s hedge funds currently own 5.6% of the biotechnology company Biogen Idec. Starting 2007, Icahn has been steadily increasing his stake at Biogen and as of June 2009 he has been able to seat two of his allies on Biogen’s board. Also between September 2007 and January 2008 Icahn pushed his ownership of the business software company BEA Systems from 8.5% to 13.22% before Oracle Corporation announced it was purchasing BEA Systems.
In terms of philanthropy, Icahn has many establishments, where he donated substantial amounts of money, named after him: Icahn Stadium on Randall’s Island in NYC, the Carl C. Icahn Center for Science and Icahn Scholar Program at Choate Rosemary Hall New England prep school, the Carl C. Icahn Laboratory at the Princeton University Institute for Integrated Genomics, the Icahn Medical Institute at Mount Sinai Hospital in New York. His foundation – Children’s Rescue Fund – built the Icahn House in The Bronx for housing homeless single pregnant women and single women with children.