Carl Icahn Quotes (30 Quotes)

Most of the hedge funds will vote with me and there will be some transference from some of the mutual funds, although others won't go against a sitting incumbent. It's no slam dunk, but we have a better chance then the world gives us.

Doing this AOL deal is on the way, but not enough, to enhancing shareholder value at Time Warner, ... It proves my point that there is a great deal of unrealized value here. The best investment the company can make is in their own stock at this time.

You learn in this business: It you want a friend, get a dog.

practicable at this time.

If we are able to conduct such a due diligence review, we believe that we may be in a position to make an offer for the entire company at a substantially increased price.

Time Warner management has offered several reasons for not completely separating the cable business and buying back Time Warner shares aggressively, ... rejects management's arguments against separation and challenges management's capital return plan as a weak attempt to silence growing investor criticism.

not comment on whether I still have an interest in General Motors or whether I will buy or sell its shares.

Their earnings are way down. It's time for management to go,

particularly important at Time Warner because of the difference of opinion between many large shareholders and management concerning the direction of the company and the lack of share price performance under current management.

In life and in business, there are two cardinal sins,

If VISX agrees with me to submit to a vote of shareholders the best offer of 32 per share or higher from any qualified bidder, then I will be willing to commit the significant funds needed to commence the necessary effort to conduct due diligence and to attempt to raise the financing for the transaction.

It is my belief that, if the proper partner were allowed to have control of AOL, shareholder value would be much more greatly enhanced than through a half-hearted joint venture that might only serve the purpose of entrenching management.

I believe there are and will be major opportunities to enhance Time Warner's value in future combinations. However these transactions might not be achievable if Time Warner enters into long-term arrangements that preclude future flexibility such as an agreement regarding search functionality.

In life and business, there are two cardinal sins, ... The first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second now is not a time to move slowly and suffer the paralysis of inaction.

We sincerely hope that this important resolution has come in time to save Marvel and help restore it to its preeminent place in the growing global entertainment business.

We're not about liquidating companies. But if you do that, why is that terrible We're not blowing up the factories. The person who buys it should be able to make the asset more productive.

Last year, the company's board and management claimed to act in the interests of stockholders by spinning off the tobacco business of RJR Nabisco,

Given the fact that, despite its exceptional assets and a generally favorable operating environment, the company's stock price has underperformed significantly since 2002, we believe the time for steps to make the board and management more accountable are long overdue,

The Icahn Group believes that these actions would immediately narrow the gap between the current share price of Time Warner and the true value of Time Warners assets, which the Icahn Group believes is significantly higher,

If you just broke it up, the stock would be higher. In Time Warner, we're saying the conglomerate concept does not work.

Without question, this company should do away with Columbus Circle.

I think the company should be put up for sale now, ... is leaving the shareholders out on the brink if they reject this.

We continue to believe that Time Warner's stock is greatly undervalued and that the company is in need of a major restructuring,

We'd like to see the company put up for sale, ... VISX management is giving lip service to a sale.

A great company should not be reactive.

To the extent that opportunities are now available to enhance value at AOL, which we believe there are, we implore management and the Board to move more decisively than they have in the past.

This conglomerate concept doesn't work, there is no synergy - just a bunch of people spending a large amount of money that should be spent on running different companies well.

Certain companies have publicized my Hart Scott filings in the hope that this might induce investors into running the price up, which might cause me to sell my shares, make a profit and become uninvolved in the company, ... While I am flattered that investors would buy on the news that I have made a Hart Scott filing, I believe that they are taking risks which are not being explained to them by the companies making the disclosure.

shareholders' patience is running out.

I believe there is great value for Time Warner if it were broken into parts, ... get away from the huge cost structure and excessive layers of management at the top, both literally at the Time Warner Center, and figuratively.