With a 10% stake I am willing to bet he gets a BOD seat. 10% doesnt sound like a lot, but it is considering he is a single entity behind those shares. Blackrock and Vanguagrd are large shareholders but they are passive and do not get involved with board room issues.

If the board resists giving him a seat then he could put forth a shareholder proposal at the next annual meeting (usually in April/May I believe?) with a proposal to add Icahn as a board member. With 34m shares under his control it would likely pass.

https://www.sec.gov/ixviewer/ix.html...023_def14a.htm

Thanks. I wonder if the company is concerned with this...

It won't because this is how this guy operates. This is his thing, he knows what he’s doing back in 1988 and now.

The CFO sending out an email at 9:30 pm last night mentioning it makes me feel like they might be a bit concerned.

I guess I have to do dig around the trash folder for that one....

I don’t think so, it was more of a,”hey look, someone else agrees”.

The bottom line is Ichan sees value in JB, even if he gets a board seat it doesn’t mean he will sell it off but by bit. He don’t do it with eBay, he didn’t do it with Tropicana Casinos and he’s not doing it with the companies he currently has board seats and controlling interest in.

TWA was a mess, and TWA ALPA brought Icahn in! these are not the same times or the same situations.

https://www.chicagotribune.com/1985/...rd-with-icahn/


Maybe everyone take a breath. Including me.

Doing some research, Icahn seems to have calmed down in his investment style. He owns 10% stakes in a bunch of companies. He isn't stripping them all. That being said he seems to have a hard-on for airlines. He made his fortune destroying TWA and has tried many times since then to buy other airlines but has been successfully blocked. Hes pushing 90 years old. Hopefully he just likes the stock.

Just read the email. It didnt sound concerning, any maybe was sent out to try and prevent everyone getting worked up. Who knows, not a thing any of us can do about it.

It's getting real hard after all the bad news.

Unprofitable, shrinking/pullback, merger denied, and now this. I try to be glass half full but honestly, I'm at the point where I'm updating the logbook (gonna take a while). I have decent seniority here and want to work here, but reading and hearing stories about him and TWA are terrifying. This is just another place he can get money out of and then move on, leaving us broke or jobless. In this case, I'm not willing to "take a breath" while people like him swoop in.

My concern for you guys would be if Icahn does the same Karabu deal similar to TWA for selling tickets to his company for 55 cents on the dollar. Is lowestfare.com still around? Here is a fun rundown of the history of TWA and Icahn.
https://www.stlmag.com/TWA-Death-Of-A-Legend/