So Carl does his calculations, assesses the valuationof the company between the stock...
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So Carl does his calculations, assesses the valuation
of the company between the stock price and the ultimate value
of the company. And there's a gap of about $15
that Carl feels is there. Carl: Well, we believed the
company was very undervalued. And Tappan fit
the program for me where I was embarking
on activism, where I thought it was
a great company, a great name, that could be
a takeover candidate being blocked by,
you know, the CEO and a board. The CEO was
a very strong personality, but I don't think he knew
much about the business. And Dick Tappan was
the founder's grandson. I think he was intimidated
by this guy Blasius. And I thought there was
a chance here to break through. So we went and bought
a lot of stock in it
of the company between the stock price and the ultimate value
of the company. And there's a gap of about $15
that Carl feels is there. Carl: Well, we believed the
company was very undervalued. And Tappan fit
the program for me where I was embarking
on activism, where I thought it was
a great company, a great name, that could be
a takeover candidate being blocked by,
you know, the CEO and a board. The CEO was
a very strong personality, but I don't think he knew
much about the business. And Dick Tappan was
the founder's grandson. I think he was intimidated
by this guy Blasius. And I thought there was
a chance here to break through. So we went and bought
a lot of stock in it
Full Transcript
00:00:01.000 --> 00:00:02.791
So Carl does his calculations,
00:00:02.874 --> 00:00:05.499
assesses the valuation
of the company
00:00:05.583 --> 00:00:07.125
between the stock price
00:00:07.208 --> 00:00:09.041
and the ultimate value
of the company.
00:00:09.125 --> 00:00:13.916
And there's a gap of about $15
that Carl feels is there.
00:00:16.541 --> 00:00:19.208
Carl: Well, we believed the
company was very undervalued.
00:00:19.292 --> 00:00:21.749
And Tappan fit
the program for me
00:00:21.833 --> 00:00:23.791
where I was embarking
on activism,
00:00:23.874 --> 00:00:27.791
where I thought it was
a great company, a great name,
00:00:27.874 --> 00:00:30.998
that could be
a takeover candidate
00:00:30.166 --> 00:00:32.958
being blocked by,
you know, the CEO
00:00:33.997 --> 00:00:34.025
and a board.
00:00:34.333 --> 00:00:37.208
The CEO was
a very strong personality,
00:00:37.292 --> 00:00:41.333
but I don't think he knew
much about the business.
00:00:41.416 --> 00:00:44.499
And Dick Tappan was
the founder's grandson.
00:00:44.583 --> 00:00:47.833
I think he was intimidated
by this guy Blasius.
00:00:47.916 --> 00:00:51.958
And I thought there was
a chance here to break through.
00:00:52.997 --> 00:00:54.208
So we went and bought
a lot of stock in it.
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Movie Summary
Explores the fascinating contradictions at the heart of the famed financier, Carl Icahn. Amassing close to $20 billion dollars over the last half century and at the forefront of some of the most legendary business deals of our times.
