IMO, you can't really blame a minority shareholder for what a business does. By definition, a minority shareholder does not have the power to force a business t

IMO, you can't really blame a minority shareholder for what a business does. By definition, a minority shareholder does not have the power to force a business to do anything; Icahn works primarily by influence. If the corporate leadership is weak, incompetent, scared, or any other pejorative you want to dredge up, then Icahn might convince them to make some bad decisions that benefit him. Apple is an example of a company that Icahn when into full speed, and didn't really change that much. In the end, Icahn sold his Apple stock for a gain, but Apple leadership obviously made their own good decisions despite him. In fact he would have made a lot more money on Apple if he had held his stock for longer. But "buy and hold" is not how he has fun, and that's what all this stuff is about. Carl Icahn does not need any more money. He likes doing what he does for the same reason Lebron James still likes playing basketball.