Infamous activist firm Hindenburg Research unveiled its latest target Tuesday, alleging billionaire investor Carl Icahn's storied holding company has artificially propped up its stock price with a “ponzi-like economic structure.”
Infamous activist firm Hindenburg Research unveiled its latest target Tuesday, alleging billionaire investor Carl Icahn's storied holding company has artificially propped up its stock price with a “ponzi-like economic structure”—claims Icahn hasn't yet acknowledged.
The Hindenburg report concludes: “Carl Icahn has built an aura of invincibility around himself—a titan of Wall Street with a knack for coming out on top. But while the focus has always been on his grand public activist campaigns, quieter long-term investment losses, along with the substantial use of leverage, have whittled away his empire.”Icahn is worth $17.6 billion as of Monday's market close, according to our latest estimates, making him the 95th-richest person on the planet.
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