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Carl Icahn

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31
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2016-09-18
most recent
2016-09-18
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1
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podcast

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  1. “So I think the best thing to do is really to go to your marketing sucks.com and or go to Amazon and just log in books by Mark Stevens and you'll see all of my books. There's a number of Mark Stevens, but I usually come up number one. You see the books there, but the books I'm proudest of is King Icon and Your Marketing Subs.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  2. “Asha, I'm reading a book right now that's the best book I ever read about how someone starts in an entrepreneurial way a very, very, very, very successful service business and becomes very wealthy doing it, which is called, I'm reading it now, Powerhouse. It's the story of CAA, Creative Artist Agency and Michael Obitz. It's just recently out. It's the best book I've ever read about how does somebody grow a service business and become, I don't know what Ovids is worth over $500 million, maybe a billion, and build a really amazing company. It's just fascinating.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  3. “Not going to say to anybody this is what I'm going to do until it benefits him for you to know and you act like a puppet and go in the direction. I wouldn't be surprised if he's a million long positions because I always find that what Carl says publicly is diametrically opposite to what he's doing. And it's not evil. It's just this MO. He doesn't even almost realize it. It's just like, it's so baked into him. It's so baked into him. You got trained as a pilot. You knew what to do when you saw Lightning. He was trained, right? He was trained by his DNA to act in a certain way. His DNA being primary. So he just instinctively, I'll end with this and say one more thing. He instinctively fools everybody most of the time.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  4. “So he never won and he always wanted to play for money. And I knew that I, with anybody else, I'd be just walking home with an extra $5,000. But I knew if Carl has money in, he's going to find some way.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  5. “We had a relationship after the book for quite a while when he got divorced from Liba, who was married to when I was most of the early part of my relationship with him, who was a beautiful Czechoslovakian ballerina. Didn't get along after the divorce, he gave her the Bedford estate part of the settlement He left Bedford and we saw each other after he left Bedford, but then we never had an argument or anything like that. It just disappeared.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  6. “Yeah, 1.2 billion. He says, because my money is my army and I need my army around me. That's one of the great quotes about how Cald views the world. Without the money, you can be brash as you want, but you can't threaten CEOs if you can't go by their stock.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  7. “He was a billionaire. I didn't want any of him, Carl. I didn't want anything from him at all except his company, which was exhilarating.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  8. “On a friend's thing, I saw all the time that when we were in Palm Beach with our his girlfriend, my wife, he was always counting, you know, who paid for breakfast, who paid for lunch.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  9. “There really is no fair. People don't think I'm just some hard ass, but I'm not. I mean, I have kids that I adore. I've been married 41 years to a wonderful woman. I want to be very fair to my employees. I've always done that. But I understand what he's saying.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  10. “Hall is looking at other things, including why are they paying a dividend? Why is the dividend this low? And he suddenly starts making noise. And now when Carl speaks, everybody listens. So the other shareholders say, hey, what's Carl talking about? Oh, this company, ABC company, he's right. Why are they paying a dividend of 1.2% when they can clearly double or triple or quadruple that? So then you start saying, hey, yeah, like you're right. And then he'll gather the other shareholders around to join him with the weight of their holdings in the company to petition for a greater dividend. But at the same time, Carl is calling the CEO and saying, hey, buddy, I know you're a verse Darwinian moron at the top. I'm going to take your goddamn job. So I'm making playing nice here, but I'm going to take your job. You're going to be without a job. You're not going to have a company.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  11. “they have no plan or they have dumb plans and they start using the shareholders' money which is what is on the balance sheet making ridiculous acquisitions Carl can then come in take a big chunk of the company's equity and then gather you and I who are other shareholders and hundreds of others and say let's put pressure on them and if they don't concede we'll buy more stock and we'll replace the board and we'll take control so the CEOs are these big companies The thing they fear most is not judger of the company. It's like politicians. They fear most is losing their job.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  12. “Company can be trading at a premium, but if there's too much money on the balance sheet, for example, and it's not being distributed to shareholders.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  13. “They say still that path to hell is what you ought to take. So then he buys more. So, in other words, what happens is now particularly call goes in, you can go to any company you wants except on Apple or something. He has enough money, enough resources to buy enough stock to buy enough of a position and then influence other shareholders. That we want the money that's on the balance sheet to be distributed to the shareholders using one example. An activist wants change. They want change. They always position one in change for the good of the shareholders. Carl always wants change for the benefit of the shareholder being Carl. Some of the other shareholders benefit along the way when he does his things successfully.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  14. “So what an activist is, is somebody who, and all this sounds easier than it is, so you have to remember, go back to what I was talking about a moment ago, but an activist buys some shares of stock in a publicly held company and then put simply starts making demands on management of a public hail company saying, I want you to take some of the money off the balance sheet and distribute it to your host, which I am one of now. Management says, in the beginning you have a college career, go straight to hell. So he says, okay, I have 4% of your stock. Tomorrow I'm going to make it 11%. And I'm going to ask you again. It gets 11%. Still not playing small ball.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  15. “You don't just realize it. You just. As somebody, a call would heal because you went in with a sense of bravado. a little nugget of dime store wisdom. Call's not going there because that's a gamble, so he's not doing that. He's not doing that.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  16. “wouldn't be there you'd be his sufferer all would know that he stacked a deck he was able to you know he would never put himself”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  17. “A year and $100 million stock operators, but the call, they were idiots. And so if these CEOs thought three or four, most people think one move ahead. They're lucky. Most of the CEOs think three or four moves ahead. Carl thinks 11. That's why he beats them. But the interesting thing is it isn't hard for him because it's not hard for you saying Bolt to win either. If you have the gift, Hussain toys with people in a dash, in a sprint. He toy has time to toy with people. Carl does that. It's just, you can't really try to be as good as Carl.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  18. “Well, last part first, Carl was a chess player at Princeton and a philosophy major. So he looks at the world through the eyes of a chess master. He wasn't a global chess master, but he looks at the eyes of a chess master and he was a very good chess player. And as a philosopher. So when we would be talking about anyone whose deals, he and I talking, he'd talk about it in terms of what would Nackia Valley do, what would a Aristotle do, what would Nietzsche do, and he would quote them. And that's how he sees the world. And so I always say that the average CEO, these are the guys who Carl has gone after. Carl doesn't go after Warren Buffett. He's too smart. So he goes after CEOs. He always said CEOs are all in their position through reverse Darwinism. The CEO's dumb and he picks a person dumber than him until you have a moron at the top. He felt all these guys were morons. They have 500 degrees, they had whatever, they were making 30 million dollars.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  19. “Changed nothing. He just got really rich. The unusual thing you think about the other billionaires, they made, as Steve Jobs used to say, some kind of dent in the universe. Carl didn't do that.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  20. “He has no company, really. So Bill Gates, who I spent the day with at Microsoft campus in 1990, he just crossed the billion-dollar mark. And he asked me to come out there and spent the day with him talking about various things with Microsoft at the time. So Bill created an oil well, a company like a lot of the billionaires. Warren has a bunch of oil wells, and they just pour out the money. Carl never had to really have a company. He jumps on the necks of CEOs and he bleeds him to death. And it's that way. It's that epiphanies that he has about who to go after and the fact that he can outsmart anybody. In fact, you know, it's just interesting, but I did for Bloomberg TV. It's in the can now. I did it last summer. Carl Icon Zoe Obit, one hour show me talking about Carl. I had to talk about him in the past tense. They asked me what his legacy is. I said he has no legacy. You think about a Carl created nothing. He built nothing.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  21. “And he opened up to everything and he gave me his mother. He gave me his uncle Elliot who gave him the money to buy his first seat on the stock exchange. He opened up the doors to everybody and told me everything. And I also interviewed all those other people. And it was a hobby for me because I was running one of my businesses. So I've written a lot of books. This was a hobby to me writing these books. It's how I learned. He learned. You learn fascinating stuff. Literally, that's how it evolved.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  22. “He wants to do a contract So I said, you know what? You'll tell me everything and I can be flying a wall, then fine. So I had his lawyer draw up a literally like a 50-page legal limit. I was going to do it. I went home. I read it. And I said, it's not because of the terms. I just know Carl. And I knew that once I went into a, gave him some control over me. Could never come Went back to him and I said, Carl, I'm not signing anything. And he went crazy. It cost me $50,000 for this contract. And he went crazy. But I said, look, Carl, I'm walking out of here. So either accept the fact that I'm doing a book without you. The interesting thing happened is that he accepted it.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  23. “about really he's going to stop this book and he says all of a sudden this guy is just writing his book and I keep reminding him and calls the smartest person I ever met. We can get to that later. But I kept telling him there is a First Amendment, it actually applies to you too. And he dismissed that. So then he called me one night and he said, okay, look, I have an idea. We'll do it together. I'll tell you everything. We have a contract and we'll share the earnings. Now, here's a guy 1.2 billion dollars.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  24. “And he started getting word back. This guy Stevens is in my office and he wants to meet with you. And don't forget, call him plenty of enemies, and they will talk.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  25. “His wife now. And just he was bringing hell down on me. What he found out is I just went out and started talking to the M&A guys at the big M&A firms and the law firms, et cetera. Scott Narbs and those kind of guys.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  26. “I said to Carl one day, you know, I'm writing, I'm going to write a book about you. And he said, well, you're just not going to do that, Mark. I'm going to sue your butt off one of a house, one of a business. Your kids will be in the street. There'll be nothing to eat. I'm telling you, I'm going to put 50 lawyers against you. You're not writing a book. And I said, Carl, you know, read my lips. I'm writing a book about you, right? So Hall Styles to call you at 4 o'clock in the morning. And then again, the next day, all kinds of things, he basically never sleeps. It was always threatening me while we're playing tennis. Simultaneously, we're friends talking. We went on vacation to Palm Beach with my wife and his girlfriend.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  27. “So he had these little rebars. So he was letting that go to waste. So we met that way. And I got fascinated at him just by being his friend.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  28. “It'll cost about $5 million if he does no under Spanish economy. So he lived in this nice house, upper middle class house. That's what he lived in. Never locked the doors, nothing. And, you know, that's the way Carl is. And at the tennis facility, which was beautiful when you went in to take shower after we played, the bars of soap were little TWA bars of soap because he owned.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  29. “I mean, like a beautiful club. Like any club that you would go to for membership, you would say this is really a top rated club. And the English living rooms off the court. And we started playing twice a week. I meet him at midnight. We play till two, and then we'd have dinner in his house. Now, a couple things about Carl's personality, et cetera, which come across through this, is that he bought the house from movies to our Jennifer O'Neill, who started a number 42. but didn't live in it. I said, Carl, why don't you live in this house? He says, oh, I think he was worth $1.2 billion at the time.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  30. “So Carl had this beautiful, this is part of Carl's oddities, he had this 220-acre property with a gorgeous English stone mansion. didn't live in it he lived in a sort of an upper middle class house that he built on the 228 acres and i'll tell you why in a moment but he had a gorgeous tennis facility that he built for himself”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT

  31. “It was mostly because we lived in the same town of Bedford, New York, which is a small town an hour from 42nd Street in Manhattan, but a world apart, sort of more horses in town than there are people, few stores. George Soros lived probably half a mile away from Carl. And then there's a lot of movie stars. Anyway, I kind of knew about Carl through reading about him, but never paid much attention to it. And then I saw him in town one day. And given that the most are in Bedford at any given time is 12 people, I went up to him and said, are you a Carl Icon? He said, yeah, we just started chit-chatting. Turn out to make a long story short. We turn out we both tennis players. And we made a date to play tennis.”

    2016-09-18 · We Study Billionaires · TIP 104 : Billionaire Carl Icahn - A Rare Look Behind the Scenes w/ Mark Stevens, author of King Icahn (Business Podcast) · IDENTIFIED FROM THE TRANSCRIPT