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How much did Icahn lose on his equity position in Hertz? If he owned 39%, that loss would have been on the order of a billion dollars. So there's probably more
by beervirus 6y ago
How much did Icahn lose on his equity position in Hertz? If he owned 39%, that loss would have been on the order of a billion dollars.
So there's probably more to the story than your comment suggests.
- danesparza 6y agoOh, there's a hell of a lot more to the Icahn story than just this one idiot move. https://en.wikipedia.org/wiki/Carl_Icahn https://en.wikipedia.org/wiki/Carl_Icahn Yes - he did lose a lot of money, but please understand he was in the process of sucking the company dry when the pandemic hit: https://www.cnbc.com/2020/05/26/carl-icahns-bet-on-hertz-goes-bust-as-rental-car-company-files-for-bankruptcy.html https://www.cnbc.com/2020/05/26/carl-icahns-bet-on-hertz-goe...
- toomuchtodo 6y agoIcahn lost roughly $1.6 billion on his equity stake.