One of my fave reads of the week is Janet Morrissey’s profile of Carl Icahn on his 75th year. The Raider in Winter as it were. Icahn is one of my Wall Street heroes, regular readers have watched me chronicle his various activist campaigns like a Yankees beat reporter scribbles Derek Jeter’s every utterance.
Anyway, Icahn’s been spending his non-retirement still engaged in numerous fights and securing his son’s future in the business world…
And so, with Mr. Meister gone, Mr. Icahn’s son, Brett C. Icahn, waits in the wings. The younger Icahn, 31, entered the family business after graduating from Princeton and spending a few relatively fruitless years directing movies.
Carl Icahn says his son is ready for more. But he denies he has anointed him as his successor, as many outsiders suspect. “I give him more and more responsibility because he’s earned it, but it’s not nepotism,” Carl Icahn says of his son. “He’s got good instincts.”
Brett Icahn — or whoever succeeds his father, if anyone really can — has some big shoes to fill.
The Mr. Meister referenced is Icahn’s former right-hand man who recently left him. There’s also an ongoing battle with Pershing Square’s Bill Ackman and some interesting background on Icahn for the uninitiated. Head over for the whole thing below.