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Icahn creating a shareholder forum?
October 23, 2013: 3:53
Carl Icahn launching new website tomorrow.
FORTUNE -- When Carl Icahn
tweets, people listen. So right now there is a lot of attention being
paid to this:
It obviously will be
interesting to see what he says about Apple (AAPL),
including if he discloses his current ownership position. But there
also is a broader question of what type of site Icahn is planning to
You may recall that the
famed activist launched a blog called The Icahn Report back in early
2008. It remained bare for the first several months -- Icahn blamed
his lawyers for red-lining his posts into oblivion -- before he hired
Reuters hedge fund reporter Dane Hamilton. Then it began to populate
both with posts penned by Icahn and various guests. But the last such
post came the following April, and Icahn has since communicated via
SEC letter, television appearance and (most recently) Twitter.
We've reached out to learn
Shareholders' Square Table, which currently looks like this:
In the meantime, perhaps
Icahn gave some clues in a New York Times Magazine interview
from 2005. Check out this exchange:
What else can be done to
turn a company around?
What I am thinking of
doing is setting up the shareholders' answer to the business round
table. You could have shareholders meet regularly to air their views
and report company abuses. You call it the shareholders' ''square
shareholders will get a square deal.
So is this a sort of public
forum for shareholders of companies like Apple? Maybe where they can
express their support for Icahn's share buyback plan? Certainly this
would be much easier to do with today's social Internet than it was
back in 2005, and it would make sense for an activist investor to
demonstrate third-party support for his positions (outside of proxy
fights). Or perhaps this is simply a way to agitate for more
If Icahn calls back, we'll
update this post. If not, check out that site tomorrow morning...
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