Wednesday, February 14, 2007

Corporate Tactics

From "Icahn will do whatever it takes to win" at the Chicago Sun Times:
Author Mark Stevens has some advice for Motorola executives about corporate activist and multibillionaire Carl Icahn, the subject of his 1993 biography, King Icahn:
• Brush up on your chess. "Icahn was a top chess player at Princeton. He will do whatever it takes to win. He will surprise. He will come back from the dead. He will not go away until he wins. Motorola management is on the second move in the game, but Carl is already on his 10th."
• Even if you think you're a crack chess player, chances are Icahn will have his way and will win. "He almost always takes the value of the shares he bought and drives them up," Stevens said.

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