Icahn Enterprises' Stock Plunges as Dividend Slashed Amid Activist Pressure
Originally Published 2 years ago — by The Wall Street Journal
Billionaire investor Carl Icahn succumbs to activist pressure as he announces his resignation from the board of directors of his own company, Icahn Enterprises LP, citing concerns over corporate governance and the need to focus on other investment opportunities. This move comes after facing criticism from shareholders and activist investors who have been pushing for changes in the company's strategy and board composition.