QUEENS TIMELINE

Month

JAN

MAR

APR

MAY

JUN

JUL

AUG

SEP

OCT

NOV

DEC

Dates

1600s

1700s

1800-49

1850-74

1875-99

1900-09

1910s

1920s

1930s

1940s

1950s

1960s

1970s

1980s

1990s

2000s

Other History Topics




HISTORY TOPICS: QUEENS TIMELINE: 1930s

On February 16, 1936, Carl Icahn is born in Queens. Called ‘corporate raider’ by his foes, or ‘shareholder activist’ by his supporters, he has remained for two decades as a powerful force in American business. Using junk bonds pioneered by Michael Milken, Icahn took important stock positions in such diverse companies as USX , TWA, Viacom, Time-Warner, Western Union, Texaco, Revlon, Kerr-McGee, Motorola, and even Marvel Comics.

Carl grew up in a middle-class area of Queens, New York, where his father was a lawyer and his mother a school teacher. Icahn attended Princeton University and graduated with a bachelor of arts in philosophy. After college he was an apprentice broker with Dreyfus & Company. Starting with $4,000 (won supposedly in a poker game), he began to make and lose $50,000 in a week. Icahn, who went out on his own in 1968, is today one of the wealthiest people in the country with a net worth estimated to exceed $8 billion. He recently he has taken an active role in philanthropy and helped to fund the Icahn Stadium on Randall’s Island

Notable Quotes: “We’re not about liquidating companies, but if you do that, why is that terrible? We're not blowing up the factories. The person who buys it should be able to make the asset more productive…You learn in this business: if you want a friend, get a dog.”

1

Google Search GAHS Website Search WWW

Copyright 1999-2007
Greater Astoria
Historical Society