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☆ How Keith Meister of Corvex sees lines blurring between private equity and activist investors
▼ + stars: | 2023-10-17 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

A change in the way activist and private equity investors are viewed is underway, Corvex Management founder Keith Meister said Tuesday. Corporate raider is a term used to refer to aggressive activist investors. "The reason it hasn't happened more quickly is because the amazing large private equity funds have been victims of their own successes," Meister said. Activist investors, which include Trian's Nelson Peltz, can agitate for a wide variety of changes including selling off underperforming or undervalued businesses or replacing management teams. Private equity investors, meanwhile, usually build a controlling stake in a company, with the aim of taking it private and making it more valuable before selling it for a profit.

Persons: Keith Meister, Meister, it's, CNBC's David Faber, Trian's Nelson Peltz Organizations: Corvex Management, CNBC Pro, 13D, Investor, Corporate, Private, Blackstone, KKR, MGM, MGM Resorts

After college, Sheffield worked for Amoco Corp and later joined his father-in-law's oil company and became CEO five years later. That company would become Pioneer Natural Resources. On his return, he made Permian oil its sole focus: putting natural gas processing, oilfield services and South Texas shale assets on the block. He also embraced an emerging philosophy that emphasized shareholder returns over rapid production gains, rejecting a plan to more than quadruple Pioneer's oil production by 2026. Two of Sheffield's most significant insights were the major role technology would play in reshaping U.S. oil production and the recognition that big oil companies would eventually control the Permian, he said.

Persons: Scott Sheffield, Eduardo Munoz, Texas oilman Scott Sheffield, Dan Pickering, Sheffield's, Bryan Sheffield, Scott, Boone, Daniel Yergin, Sheffield, Darren Woods, he's, Doug Sheridan, He's, Bruce Vincent, Bryan, Arathy Somasekhar, Gary McWilliams, Marguerita Choy Organizations: Natural Resources Company, REUTERS, Rights, Natural Resources, Sheffield, Exxon Mobil, Pickering Energy Partners, SCHOOL Oil, Atlantic Richfield Co, Tehran school's American, Formentera Partners, Amoco Corp, Energy, Exxon, DoublePoint Energy, EnergyPoint Research, Swift Energy, Thomson Locations: New York, Texas, U.S, TEHRAN, Atlantic Richfield, Iran, Tehran, West Texas, Boone Pickens, South Texas, Sheffield, Houston

☆ Hollywood is building a $100 billion love-hate relationship with AI. Here's what's ahead, according to the top creative exec at 'Star Wars' VFX shop Industrial Light & Magic.
▼ + stars: | 2023-10-13 | by ( Reed Alexander | ) www.businessinsider.com time to read: +8 min

Harrison Ford has been donning the fedora and cracking the whip of the daring tomb-raider Indiana Jones for more than 40 years. The series' latest installment, "Indiana Jones and the Dial of Destiny," leans on myths from ancient Greece about a device that can supposedly turn back the hands of time. Indiana Jones suddenly looked generations younger — perfect for the movie's opening sequence, set during World War II. Founded in 1975 by celebrated "Star Wars" creator Geroge Lucas, ILM — a division of Lucasfilm, which also produces "Indiana Jones" — is at the forefront of this new Hollywood frontier. One of the team's biggest achievements has been speeding up the timeline by which filmmakers can implement these tools, Bredow said.

Persons: Harrison Ford, Indiana Jones, Moviemakers, Rob Bredow, Bredow, Ford, Jones, Robert de Niro, Al Pacino, Joe Pesce, lugged, Geroge Lucas, it's Organizations: Ford, Hollywood, Industrial, Lucasfilm, Netflix, ILM, Writers Guild of America, SAG, Grand View Research, Producers Locations: Greece, Hollywood

“Russia’s thinly veiled threats to use nuclear weapons remind the world that escalation of the conflict – by accident, intention, or miscalculation – is a terrible risk. New Construction at Russia's Novaya Zemlya nuclear test site, June 22, 2023. Lop Nur nuclear test site. “The Chinese test site is different than the Russian test site,” Lewis said. Both countries keep their strategic nuclear arsenals on “hair-trigger” alert, meaning that nuclear weapons can be launched on short notice.

Persons: Jeffrey Lewis, James Martin, ”, Cedric Leighton, “, Vladimir Putin, ” Lewis, Lewis ’, António Guterres, ” Guterres, Dmitry Medvedev, Putin, Alexander Lukashenko, Sergei Shoigu, Lewis, we’ve, Leighton, they’d, ” Leighton, Nur, Hans Kristensen, Kristensen, Israel –, Dyess, Frederic J . Brown, Fiona Cunningham, Yang Kun, ” Daryl Kimball, Kimball, Michael Frankel, James Scouras, George Ullrich, Soviet Union –, Russia –, We’re Organizations: CNN, James, James Martin Center, Nonproliferation Studies, Middlebury Institute of International Studies, US, US Air Force, Atomic Scientists, Soviet Union, United Nations, Russia’s Security, Russian Defense Ministry, Planet Labs PBC, Middlebury, Science and Global Security, Novaya, Middlebury Institute, China Observer, China’s Foreign Ministry, Planet Labs, Nevada National Security, National Security Administration, US Department of Energy, Office, National Security Council, International Monitoring, Federation of American Scientists, Stockholm International Peace Research Institute, Missile Defense, Center for Strategic, International Studies, Columbia, Northrop Grumman's Air Force, Getty, Control Association, ACA, NGO, PLA, Nuclear, Carnegie Endowment, International, Arms Control Association, Johns Hopkins Applied Physics Laboratory, Soviet Locations: Russia, United States, China, Xinjiang, Nevada, . China, Moscow, Washington, Ukraine, Soviet, Belarus, Minsk, Novaya Zemlya, Zemlya, Soviet Union, Lop Nur, Japan, Lop, Beijing, Stockholm, United Kingdom, France, India, Pakistan, North Korea, Israel, Ellsworth, Palmdale , California, AFP, Yuli County, Mongol Autonomous Prefecture, Xinjiang Uygur Autonomous Region, Baltimore, Russian, Hiroshima

The maker of Tomb Raider video games, whose shares are traded in Stockholm, is working with Goldman Sachs and Aream & Co to explore a sale, the people said. Embracer is weighing selling the unit, which is known for first-person shooter game Borderlands, after receiving interest from third parties, two of the people said. Officials from Embracer and Goldman Sachs declined to comment. ⁠Embracer shares turned positive and spiked as much as 5% higher following the news. Embracer, majority owned by founder Wingefors, purchased Gearbox in February 2021 in a deal that valued the business at up to $1.4 billion at the time.

Persons: Goldman Sachs, Aream, ⁠ Embracer, Embracer, Lars Wingefors, Wingefors, Amy, Jo Crowley, Anousha Sakoui, Jason Neely Organizations: U.S, Entertainment, Reuters, Raider, Aream, Embracer, Thomson Locations: Stockholm

TORONTO (AP) — Vicky Krieps noticed that while there’s plenty of instruction for getting into a role, there's curiously little about getting out of one. For Krieps, the disarmingly natural Luxembourgish actor of “Phantom Thread,”“Corsage” and “Bergman Island,” it’s not a small issue. “I have to leave my characters in a peaceful way and say: Now she lives in song,” says Krieps. Political Cartoons View All 1148 ImagesThe film, Mortensen’s second and most accomplished directing effort, is a Western from a different, more feminist perspective. In “The Dead Don’t Hurt,” Vivienne packs her bags to flee after the assault, then puts them down and resolves to stay.

Persons: — Vicky Krieps, there's, “ Bergman, ” it’s, she's, Paul Thomas Anderson’s, Daniel Day, Lewis, Krieps, “, ”, She's, Viggo Mortensen, Mortensen, Holger, Canadian Vivienne, Vivienne, ” Krieps, ‘, Elisabeth, Alma, couturier Reynolds Woodcock, Gabriel Garcia Bernal, Hitchcock, it’s, that’s, Jake Coyle Organizations: TORONTO, Toronto, French, Union Army, Screen, American Federation of Radio, Television Artists, Hollywood, Twitter Locations: Danish, Canadian, San Francisco, Nevada, Toronto, Berlin, Krieps

HENDERSON, Nev. (AP) — Las Vegas Raiders defensive end Chandler Jones indicated in since-deleted social media posts on Tuesday that he no longer wanted to play for coach Josh McDaniels and general manager Dave Ziegler. Political Cartoons View All 1145 ImagesRegardless, he posted he didn't “wanna play for the Raiders” if McDaniels and Ziegler were still in control. Those posts took a much different tone from what Jones wrote on X (formerly Twitter) on Monday, saying he “can’t wait to play this year! Feelin great in practice!”This isn't the first time this year a Raiders star player expressed displeasure at Raiders management. “I love my head coach, I love the general manager here and everybody from top to bottom.”___

Persons: HENDERSON, Chandler Jones, Josh McDaniels, Dave Ziegler, Jones, Ethan Lock, “, Josh, ” Jones, McDaniels, Ziegler, Patrick Graham, Davante Adams, Ringer, ” Adams, Adams Organizations: Las Vegas Raiders, Raiders, Denver, NFL, “, Raider Locations: Nev

☆ Tomb Raider games group Embracer lags forecast, maintains outlook
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, Aug 17 (Reuters) - Swedish gaming group Embracer (EMBRACb.ST) on Thursday reported a weaker than expected operating profit for the April to June period but reiterated its full-year guidance as its restructuring program was on track. Adjusted operating profit for the fiscal first quarter stood at 1.67 billion Swedish crowns ($152.75 million), lagging the 1.78 billion expected in a company-provided poll of analysts, but up from 1.32 billion crowns a year ago. "We now have increased confidence regarding earnings this year and we are on track to deliver on the restructuring program," CEO Lars Wingefors said in a statement. Wingefors said operating costs increased due to inflation and the run-rate impact of prior-year recruitment. ($1 = 10.9332 Swedish crowns)Reporting by Jesus Calero and Marie Mannes; Editing by Terje Solsvik and Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Lars Wingefors, Wingefors, Jesus Calero, Marie Mannes, Terje Solsvik, Edmund Klamann Organizations: Thomson Locations: STOCKHOLM, Swedish

☆ B-2 stealth bombers are in Iceland on their first deployment since a fiery mishap grounded the whole fleet
▼ + stars: | 2023-08-16 | by ( David Cenciotti | The Aviationist | ) www.businessinsider.com time to read: +5 min

US Air Force B-2 stealth bombers have returned to Keflavik in Iceland for the first time since 2021. It's the first deployment since B-2 bombers resumed flying after a five-month safety stand down. The deployment is the first one since the stealth bomber fleet returned to normal operations on May 22, 2023, after a five-month safety stand down following the incident in December last year. Two pilots approach a B-2 during Bomber Task Force 24-4 in Keflavik on August 15. A crew chief prepares to marshal a B-2 during Bomber Task Force 24-4 in Keflavik on August 15.

Persons: Heather Salazar, James Hecker, Andrew Kousgaard, Col Kousgaard, Diego Garcia, Northrop Grumman Organizations: US Air Force, Keflavik, Service, 509th Bomb, Whiteman Air Force Base, Whiteman, Alliance ., Bomber, Tech, RAF Fairford, Force, Naval Air Station Keflavik, US Air Forces, US Air Forces Africa, NATO Allied Command, 393rd Bomb Squadron, Whiteman AFB, Libya Air, Allied Force, ISIS, Lajes, Andersen Air Force Base, Raider, US Air Force's, Northrop Locations: Iceland, Wall, Silicon, Missouri, Keflavik, Mississippi, Europe, U.S, Korean, Libya, Serbia, Fairford, Azores, Portugal, Guam, Ocean Territory

☆ Keith Meister's Corvex Management places new giant bet on a drugmaker, adds to a utility stake
▼ + stars: | 2023-08-15 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Keith Meister's Corvex Management placed a big new bet on drugmaker Catalent , among other moves in an active quarter for the fund manager. The fund also has a new position in Knife River , a construction materials and contracting company, leading to a $110.3 million holding. It's the seventh largest position in the fund and likely the result of a spin-off. In June, Knife River spun off from MDU Resources , which is the third largest holding in Corvex. Knife River is up more than 17% this quarter.

Persons: Keith Meister's, drugmaker, Corvex, Meister, Carl Icahn Organizations: Management, Securities and Exchange Commission, MDU Resources, Adobe Systems, Wrestling Entertainment, Southwest Gas, Constellation Energy, Algonquin Power Locations: Catalent, Somerset , New Jersey, MDU, Arizona , California, Nevada

☆ Carl Icahn’s company stock drops 23% after IEP slashes quarterly dividend in half
▼ + stars: | 2023-08-04 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Icahn's company has been on a roller-coaster ride since the Nathan Anderson-led short seller took a public short position in May, alleging "inflated" asset valuations, among other reasons. Shares of IEP, a holding company that is involved in myriad businesses including energy, automotive and real estate, tumbled nearly 44% in the second quarter. Shares of Carl Icahn's conglomerate Icahn Enterprises experienced a sharp sell-off Friday after the firm slashed its quarterly dividend in half amid notable short seller Hindenburg Research's campaign. Hindenburg took issue with IEP's high dividend yield, saying it's "unsupported" by the company's cash flow and investment performance. Icahn Enterprises on Friday reported a net loss of $269 million for the second quarter, more than doubling the loss of $128 million from the same quarter a year ago.

Persons: Nathan Anderson, Carl Icahn's, Hindenburg, Icahn Organizations: Icahn Enterprises, Enterprises, Trans, Airlines

☆ Tomb Raider games group Embracer raises $182 mln in share issue
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, July 6 (Reuters) - Sweden's Embracer (EMBRACb.ST) has raised 2 billion crowns ($182 million) in a share issue directed at institutional investors, the gaming group said on Thursday, after last month flagging a need to cut investments and costs. It issued 80,000 new shares at a subscription price of 25 crowns per share, it said in a statement, sending its shares down 13%. "The proceeds from this share issue will further strengthen our financial position, improving both financing cost and our operational flexibility, and enabling us to focus on the key aspects of the program," it said. Trading was heavy, with hourly volume running at over 9 million shares, the second-highest on record after May 24's hourly rate of over 10 million, Refinitiv Eikon data showed. Embracer, which last year bought several development studios and the intellectual property rights to a number of games including a new Tomb Raider game, announced plans for the share issue late on Wednesday.

Persons: Anna Ringstrom, Louise Rasmussen, Jason Neely Organizations: Thomson Locations: STOCKHOLM, Embracer

☆ Phoebe Waller-Bridge’s Great ‘Indiana Jones’ Adventure
▼ + stars: | 2023-07-02 | by ( David Marchese | ) www.nytimes.com time to read: +8 min

Talk Phoebe Waller-Bridge’s Great ‘Indiana Jones’ AdventureThere’s a photo of Phoebe Waller-Bridge, taken at an Emmys afterparty in 2019, that captures, better than any other contemporary celebrity photo I’ve seen, the enduring allure and glamour of Hollywood success. Phoebe Waller-Bridge with Harrison Ford in “Indiana Jones and the Dial of Destiny.” Jonathan Olley/Lucasfilm Ltd. Christ, I don’t know the answer. Now people could be like, “I’ve got a show,” but you don’t know where it’s going to go out, you don’t know how many people are going to see it. Whereas before you’re like, no one cares, no one’s watching, no one’s going to give you anything, but you’re going to do it anyway, now you’re like, they’re going to give you everything!

Persons: Phoebe Waller, Indiana, “, Waller, Indiana Jones, James Bond, ”, ’, I’ve, I’m, Harrison Ford, “ Indiana Jones, ” Jonathan Olley, —, I’ll, We’re, you’ve, it’s, “ I’ve, ” Waller, ” Luke Varley, he’s, Josh Cole, Phoebe, they’d, I’d, what’s, David Marchese, Emma Chamberlain, Walter Mosley Organizations: Indiana Jones, Amazon Studios, Lucasfilm, “, BBC, YouTube, Cal Newport Locations: British, Waller, “, America

☆ Tomb Raider games group Embracer to slash spending
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +1 min

STOCKHOLM, June 13 (Reuters) - Swedish games group Embracer (EMBRACb.ST) announced on Tuesday a restructuring programme to slash costs and investments, including in the development of new products, boosting the company's shares. Embracer has been hit by development delays, weaker demand, bad reception for some new games and, last month, the fall-through of a large planned strategic partnership. Shares in the developer, which last year bought several development studios and the intellectual property rights to a new Tomb Raider edition and other games, on Tuesday rose 4% by 0705 GMT. "The figures include capex related to internal and external game development projects and other intangible assets, as well as tangible assets," it said in a statement. The group's earnings could be hit by one-offs such as potential severance payments and writedowns related to game development projects as part of the restructuring, it said.

Persons: Embracer, Anna Ringstrom, Terje Solsvik Organizations: Thomson Locations: STOCKHOLM

☆ B-2 stealth bombers are back flying after the US Air Force grounded the fleet for 5 months in the wake of a fiery landing
▼ + stars: | 2023-05-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

An Air Force official told Insider that the pause was "precautionary," and was lifted on May 18 by Gen. Thomas Bussiere, commander of Air Force Global Strike Command. The B-2 Spirit approaches the boom of a McGuire Air Force Base, New Jersey KC-10A Extender during a Capstone orientation flight. Scott H. SpitzerThis incident marked the second time in 15 months that there was an emergency involving the B-2 at Whiteman Air Force Base. "We successfully accomplished all necessary actions to safely return to full flight operations with the B-2 fleet. Whiteman Air Force Base is the country's only operational base for the B-2, which was first unveiled in 1988.

☆ Carl Icahn's company stock falls as much as 20% after prosecutors seek financial information
▼ + stars: | 2023-05-10 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Regulators sought information a day after notable short seller Hindenburg Research took a short position against Icahn's company. The shares fell as much as 20% in morning trading, following a near 25% loss last week. Icahn Enterprises , Carl Icahn's conglomerate, saw its stock drop again Wednesday after a disclosure showed regulators are seeking information regarding its corporate governance. Headquartered in Sunny Isles Beach, Florida, Icahn Enterprises is a holding company that invests in a myriad of businesses including energy, automotive, food packaging, metals and real estate. Shares of Icahn Enterprises are now down more than 35% year to date.

☆ Icahn's investment firm sinks further, down 40% since Hindenburg attack
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

May 3 (Reuters) - Shares of activist investor Carl Icahn's investment firm lost nearly a fifth of their value on Wednesday, adding to a 20% decline a day earlier following short seller Hindenburg Research's scathing attack on the company. Icahn Enterprises LP's (IEP.O) shares hit an intraday low of $31.78 - their lowest in more than a decade. Hindenburg accused the company of over-valuing its holdings and relying on a "Ponzi-like" structure to pay dividends. But Hindenburg has taken on several high-profile targets in recent months, including India's Adani Group and Jack Dorsey-led Block Inc (SQ.N). Since its release on Tuesday, the report has wiped $7.5 billion off Icahn's fortune, leaving him with a net worth of $10.8 billion, according to Forbes.

☆ Icahn's investment firm sinks further, down 35% since Hindenburg attack
▼ + stars: | 2023-05-03 | by ( Niket Nishant | ) www.reuters.com time to read: +2 min

May 3 (Reuters) - Shares of activist investor Carl Icahn's investment firm lost nearly a fifth of their value on Wednesday, adding to a 20% decline a day earlier following short seller Hindenburg Research's scathing attack on the company. Icahn Enterprises LP's (IEP.O) shares hit an intraday low of $31.78 - their lowest in more than a decade. The stock has lost nearly 35% since the release of the report. Icahn owned about 85% of the investment firm, as of Feb. 22 this year. Since its release on Tuesday, the Hindenburg report has wiped $7.5 billion off Icahn's fortune, leaving him with a net worth of $10.8 billion, according to Forbes.

☆ Carl Icahn, Activist Investor, Becomes Target of Short Seller
▼ + stars: | 2023-05-03 | by ( Michael J. De La Merced | ) www.nytimes.com time to read: +1 min

Over nearly a half-century, Carl Icahn has shaken up Wall Street as a corporate raider and activist shareholder, making corporate titans bow down to his demands and change their business strategies. But on Tuesday, his publicly traded company, Icahn Enterprises, became a target of Hindenburg Research, the short seller firm that has made its name in recent years by taking on the Indian tycoon Gautam Adani and the Twitter co-founder Jack Dorsey. Hindenburg accused Icahn Enterprises of being overvalued. The company trades well above its net asset value, unlike similar financial vehicles run by William A. Ackman and Daniel S. Loeb. “Icahn has been using money taken in from new investors to pay out dividends to old investors,” Hindenburg wrote in a public report.

☆ Hindenburg Research goes after Carl Icahn in latest campaign for market-moving short seller
▼ + stars: | 2023-05-02 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.Notable short seller Hindenburg Research is going after famed activist investor Carl Icahn. "Overall, we think Icahn, a legend of Wall Street, has made a classic mistake of taking on too much leverage in the face of sustained losses: a combination that rarely ends well," Hindenburg Research said in a note released Tuesday. Headquartered in Sunny Isles Beach, Florida, Icahn Enterprises is a holding company that involves in a myriad of businesses including energy, automotive, food packaging, metals and real estate. Hindenburg said it believes the high dividend yield is "unsupported" by the company's cash flow and investment performance. Shares of Icahn Enterprises are down 0.5% on the year as of Monday's close.

☆ The live volcano sitting below Santorini
▼ + stars: | 2023-04-26 | by ( Elinda Labropoulou | ) edition.cnn.com time to read: +11 min

CNN —Everywhere you look on Santorini, you’re reminded that you’re on a volcano. Few realize that beneath the hypnotic kaleidoscope of colors lies an active volcano. The East Mediterranean’s most active underwater, and potentially dangerous, volcano, Kolumbo, is five miles northeast of Santorini and part of the same volcanic system. They include a visit to the volcano of Nea Kameni: one of five islands that form the Santorini volcanic complex, and a national geological park in itself. A simmering volcanoTourists can take boat trips to Nea Kameni, home to an active volcano.

☆ There are more F-35s flying today than all other stealth aircraft combined
▼ + stars: | 2023-03-21 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +5 min

But with over 890 F-35s delivered, there are more of them flying than all other stealth aircraft. With more than 890 F-35s delivered to date, there are more of these advanced fighters flying for nations around the world today than all other stealth aircraft on the planet ... combined. Jerod Harris/Getty ImagesAlthough the world's first stealth aircraft to enter operational service, the F-117 Nighthawk, began flying four decades ago now, the number of different stealth platforms in service today remains relatively small. There are about twice as many F-35s today than all other stealth aircraft combinedBritish Royal Air Force F-35s and a US Air Force B-2 fly along the English coast near Dover. Here are the tallies of stealth aircraft in service today, from most to least:

☆ Carl Icahn says our economy is breaking because of inflation and poor corporate leadership
▼ + stars: | 2023-03-14 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Famed investor Carl Icahn believes the U.S. economy is in trouble because of poor corporate leadership and stubbornly high inflation. "The system is breaking down, and we absolutely have a major problem in our economy today," Icahn said on CNBC's "Closing Bell" Tuesday. Icahn has been a longtime activist investor and corporate raider, making profit from forcing changes to corporate policy. Meanwhile, Icahn said another major issue in the economy right now is surging inflation and the Federal Reserve has no choice but keep raising rates to squash it. The annual inflation rate is now at 6%, which will likely keeping the Fed on track for another interest rate hike next week, despite recent banking industry turmoil.

☆ Carl Icahn warned against trading stocks, railed against bad bosses, and revealed what drives him in a recent documentary. Here are his 12 best quotes.
▼ + stars: | 2023-03-11 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Here are his 12 best quotes from a recent documentary titled "Icahn: The Restless Billionaire." The billionaire investor and Icahn Enterprises chairman also defended activist investing, and railed against bad bosses and overpaid executives, in "Icahn: The Restless Billionaire." Moreover, he revealed that he cares more about spotting golden opportunities than making money, and bemoaned America's enormous wealth gap. You're going against the trend. He just kept going and going until they killed him.

☆ M&G would be a tricky hop for kangaroo raider
▼ + stars: | 2023-03-02 | by ( Neil Unmack | ) www.reuters.com time to read: +3 min

LONDON, March 2 (Reuters Breakingviews) - M&G (MNG.L) would be a tricky hop for Macquarie (MQG.AX). The $48 billion Australian financial powerhouse may bid for the $6 billion UK insurer. The appeal is likely to be in the fund management group. Macquarie’s own asset management arm accounted for over 30% of net profit in the first half of its current financial year. Follow @Unmack1 on TwitterCONTEXT NEWSAustralian banking group Macquarie is considering a bid for UK insurance and asset management group M&G, Sky News reported on March 1.

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