Icahn already has. He’s now the single largest shareholder. Buffet still has us bent over, thanks to VH, and he is preferred with secured payments, even over Icahn. But Icahn will be calling all the shots regarding the future direction of the company, come the Spring meetings. Buh-bye VH. I won’t miss ya.
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Why would he? He is getting his 8% return on the $10B loan, easy $800M a year! Why burden himself with all the headache and the volatility of the O&G business, and the sinking ship that is OXY.
Carl Icon