If you look at what Carl Icahn had been doing with Dell — and now with Apple, it starts to read like a protection racket. These were popular in the 1920s with organized crime — you paid the syndicate a fee if you wanted to say in business. I’m wondering if Icahn has found a legal way to extort money out of companies in trouble. It shouldn’t be legal, because turning around a company is hard enough, and Icahn not only doesn’t provide value for the “help” he gives — he actually drains the resources the firm will need to complete the effort.
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Icahn vs. Apple: When Did Extortion Become Legal?
Posted by: Rob Enderle August 19, 2013 05:00 AMIf you look at what Carl Icahn had been doing with Dell — and now with Apple, it starts to read like a protection racket. These were popular in the 1920s with organized crime — you paid the syndicate a fee if you wanted to say in business. I’m wondering if Icahn has found a legal way to extort money out of companies in trouble. It shouldn’t be legal, because turning around a company is hard enough, and Icahn not only doesn’t provide value for the “help” he gives — he actually drains the resources the firm will need to complete the effort.