3 ms·

>Can you explain how his financial company employs 60,000 people? Do you think that large, multi-billion dollar financial conglomerates run themselves? >Or di

>Can you explain how his financial company employs 60,000 people? Do you think that large, multi-billion dollar financial conglomerates run themselves? >Or did you mean he has ownership stakes in industrial firms that employ 60,000 people? Both. Through wholly-owned subsidiaries and the financial holding company. What does it matter? My point is, painting him like he's some inexperienced financier is utterly disingenuous. I know it's en vogue to hate on "banksters", but his business experience (and, in my opinion, economic value-added) is of a magnitude greater than Mr. Andreesen's.

adventured 13y ago
Well I wasn't looking to engage in a battle of baseless statements. I asked if you can elaborate on the 60,000 employees you said his financial company employs. Medium-size (Icahn is no Goldman or BlackRock), multi-billion dollar hedge funds and private equity groups (and similar) do not have 60,000 employees. Take a quick look reference at how many people Buffett has employed in his offices over the years. The industrial firms he owns stakes in employ lots of people, he didn't start those companies of course, and he doesn't run them. BlackRock has 11,000 employees with a couple hundred billion in assets. Goldman Sachs has 32,000 employees with $911 billion in assets under management. To name two examples. I'm willing to bet Icahn's financial company is extremely small in fact and employs very few people relative to the value of its holdings. What does it matter? Because I'm fascinated by where those 60,000 people are employed. Who's hating on bankers? Not me. Who said he isn't extremely savvy? Not me. I asked where you got the 60,000 figure, simple.
- hnnewguy 13y ago
  >Not me. I asked where you got the 60,000 figure, simple. Their 10k lists each subsidiary and the number employed: http://www.ielp.com/sec.cfm?SortOrder=Type%20Ascending&DocType=&DocTypeExclude=&Year=&FormatFilter=&CIK= http://www.ielp.com/sec.cfm?SortOrder=Type%20Ascending&DocTy... 2/3 are employed by Federal Mogul, an automotive parts supplier controlled by IE.

adventured 13y ago

Well I wasn't looking to engage in a battle of baseless statements. I asked if you can elaborate on the 60,000 employees you said his financial company employs. Medium-size (Icahn is no Goldman or BlackRock), multi-billion dollar hedge funds and private equity groups (and similar) do not have 60,000 employees. Take a quick look reference at how many people Buffett has employed in his offices over the years. The industrial firms he owns stakes in employ lots of people, he didn't start those companies of course, and he doesn't run them. BlackRock has 11,000 employees with a couple hundred billion in assets. Goldman Sachs has 32,000 employees with $911 billion in assets under management. To name two examples. I'm willing to bet Icahn's financial company is extremely small in fact and employs very few people relative to the value of its holdings. What does it matter? Because I'm fascinated by where those 60,000 people are employed. Who's hating on bankers? Not me. Who said he isn't extremely savvy? Not me. I asked where you got the 60,000 figure, simple.

hnnewguy 13y ago
>Not me. I asked where you got the 60,000 figure, simple. Their 10k lists each subsidiary and the number employed: http://www.ielp.com/sec.cfm?SortOrder=Type%20Ascending&DocType=&DocTypeExclude=&Year=&FormatFilter=&CIK= http://www.ielp.com/sec.cfm?SortOrder=Type%20Ascending&DocTy... 2/3 are employed by Federal Mogul, an automotive parts supplier controlled by IE.