Re: Analyzing a business, this looks sketchy
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Icahn owes a big chunk of outstanding share (29%) and 53% of the voting share. So does this mean Icahn has a license to steal from this company? It doesnt look like he has in the past, but couldnt he just vote in a CEO to will give the other Icahn companies really good prices and such?
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Legally, there are probably some barriers to this. In practice, he can probably get away with whatever he wants to. That said, Icahn's M.O. has generally been to slash and burn whatever he needs to so that the share price goes up, rather than to loot through shady business practices.
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