Carl Icahn Acquisition
On October 25, 2006, a group led by billionaire investor Carl Icahn acquired a majority of stock thereby giving him control of the board. Within hours of the announcement, interim CEO Joseph Fischer resigned, and Icahn announced that other members of the Board of Directors would not be re-elected.
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Famous quotes containing the words carl and/or acquisition:
“Oh no, it wasn’t the aviators, it was beauty that killed the beast.”
—James Creelman, screenwriter, Ruth Rose, screenwriter, Merian Cooper, and Ernest Schoedsack. Carl Denham (Robert Armstrong)
“Wars and revolutions and battles are due simply and solely to the body and its desires. All wars are undertaken for the acquisition of wealth; and the reason why we have to acquire wealth is the body, because we are slaves in its service.”
—Socrates (469–399 B.C.)