The result of that takeover was Icahn systematically selling TWA's assets to repay the debt he used to purchase the company, which was described as asset stripping.

Reportedly, Gordon Gekko is said to be a composite of several people: Owen Morrisey, who was involved in a $ 20 million insider trading scandal in 1985, Dennis Levine, Ivan Boesky, corporate raider Carl Icahn, art collector Asher Edelman, agent Michael Ovitz, and Stone himself.

The first part, where Gekko complains that the company's management owns less than three percent of its stock, and that it has too many vice presidents, is taken from similar speeches and comments made by Carl Icahn about companies he was trying to take over.

The offer was made by letter addressed to ImClone's chairman of the board, Carl Icahn.

Icahn was raised in Far Rockaway, Queens, New York City, where he attended Far Rockaway High School.

In early 2005, Mylan gave up its efforts to acquire King, but according to the management, the decision was made after it monitored relevant facts, not due to pressure from Icahn.

During this period, Lorenzo met with potential buyers of Eastern, including Carl Icahn, and although an agreement was reached, the details were not able to be worked out and the sale did not happen.

While the bid for Rockefeller Center was unsuccessful, Meyer and Ackman set an early precedent for what Carl Icahn would later refer to as activist investing.

Dynegy investor Carl Icahn also promised a proxy battle, arguing that Blackstone Group's offer was too low.

Trans World Corporation, the owners of the airline company, and TWA's successor Chief executive officer ( L. Edwin Smart ), spun off Trans World Airlines and sold it to Carl C. Icahn in 1983, and the holding parent company that owned TWA was then liquidated.

The bankruptcy sale of the Tropicana Casino and Resort to a group of creditors led by Carl Icahn was approved by a bankruptcy court on June 12, 2009.

RIPA's signature facility on Randall's Island, Icahn Stadium, was opened on April 23, 2005.

Icahn Stadium was designed by Zurita Architects of New York City and engineered by Geiger Engineers of Suffern, New York.

Icahn Stadium was incorporated as a training center into the New York City bid for the 2012 Summer Olympics.

He was a great benefactor of his alma maters, donating the Mellon Arts Center and the Mellon ( now Icahn ) Science Center to Choate, and two residential colleges and the Yale Center for British Art to Yale.

As it turned out, Icahn didn't actually win control of Phillips, but made enough of a profit that the deal was considered an unqualified success for Drexel.

In 1985, Uniroyal was taken private by its management and the New York investment firm of Clayton & Dubilier to prevent a hostile takeover by financier Carl C. Icahn.

Investors, most notably Carl Icahn, were critical of the merger, saying that Mylan was overpaying for King.

Among the investors in E-II was Carl Icahn.

Icahn also attempted the grand prize of U. S. Steel, launching a hostile takeover for 89 % of the industrial giant for $ 7 billion ($ billion today ) in late 1986 and only being rebuffed finally by CEO David Roderick on January 8, 1987.

Stone also consulted with Carl Icahn, Asher Edelman, convicted inside trader David Brown, and several government prosecutors, and Wall Street investment bankers.

Dish Network had also expressed interest in bidding ; as did Carl Icahn, despite calling Blockbuster " the worst investment I ever made.

This period is also an era marked by extremely competitive airline industry forces fighting for deregulation survival along with fighting for opportunities of vast individual creations of wealth characterized by those accumulated by leading industry figures but sullied names such as Frank Lorenzo and Carl Icahn during the 1980s.

Co-written by Stone and screenwriter Stanley Weiser, Gekko is claimed to be based loosely on arbitrageur Ivan Boesky, who gave a speech on greed at the University of California, Berkeley in 1986, real-life activist shareholder and corporate raider Carl Icahn and also Stone's own father Louis Stone.

Icahn made an attempted run as a major shareholder of Time Warner, owning about 3. 3 % of the company valued at billions of dollars.

Investor Carl Icahn launched a proxy fight seeking to elect three of his own nominees to the Biogen Idec board at the company's June 19, 2008 annual meeting of shareholders.

During the 1980s, notable activist investors such as Carl Icahn and T. Boone Pickens gained international notoriety and were often perceived as " corporate raiders " for acquiring an equity stake in publicly owned companies, like Icahn's investment in B. F. Goodrich, and then forcing companies to take action to improve value or rid themselves of rebel intruders like Icahn by buying back the raider's investment at a fat premium, often at the expense of the other shareholders.

* On May 31, 2008, Jamaican sprinter Usain Bolt set the then world record in the 100m on the Icahn Stadium track with a time of 9. 72 seconds at the Reebok Grand Prix,. 02 seconds faster than the previous record held by his countryman, Asafa Powell.

Special events services connect slips along the East River in Manhattan with Citi Field, Icahn Stadium, the USTA Billie Jean King National Tennis Center, Yankee Stadium, locations at Governors Island and Hunters Point.

These include: the soccer team, which play at the Aviator Sports Complex ; the outdoor track team, which meets at Icahn Stadium ; the indoor track team, which meets at the New Balance Track & Field Center ; the golf team, which plays at the Dyker Beach Golf Course and the tennis team, which plays at the USTA National Tennis Center.

In addition, Bristol threatened to take the offer to the share holders for a proxy battle with the intention of replacing the current Board of Directors headed by Carl Icahn.

Following various restructurings that included negotiations with Carl Icahn who became a large bond holder, Mr. Amman engineered the sale of New Valley in a bankruptcy auction to First Financial Management Corporation in 1994 for $ 1. 2 billion where he became vice chairman, and a year later merged with First Data Corporation in a $ 6 billion transaction.

In exchange for the Icahn group's cooperation, Time Warner would buy back up $ 20 billion of stock, nominate more independent members to the board of directors, cut $ 1 billion of costs by 2007, and continue discussions with the Icahn group over their proposal, particularly on the future of Time Warner Cable.

Corporate Raider Carl Icahn launched a hostile takeover of the steel giant in late 1986 and proceeded to have proxy battles with shareholders and management until abandoning all efforts to buy the company out on January 8, 1987.

This caused construction on the second tower to stop, with only a few stories partially built, and it allowed Carl Icahn to gain control through one of his companies by buying a majority of the outstanding bonds.

Beal then partnered with investor, Carl Icahn, who had worked on restructuring another Atlantic City casino, the Tropicana.

Also that year LeBow teamed up with corporate raider Carl Icahn to make a bid for RJR Nabisco.

Renovated in 2004, it is one of only five International Association of Athletic Federations Class 1 certified tracks in the United States ( along with Hutsell-Rosen Track, Icahn Stadium, John McDonnell Field, and Estadio Francisco Montaner ).

Icahn Stadium is a track and field venue located on Randall's Island, in New York City, and is one of only five International Association of Athletic Federations Class 1 certified tracks in the United States ( along with Hutsell-Rosen Track, Hayward Field, John McDonnell Field, and Estadio Francisco Montaner ).

Carl Icahn is the majority holder with an 87 % interest in Icahn Enterprises.

Icahn accused Blockbuster of overpaying Chairman and CEO John F. Antioco, who served in that capacity since 1997, who received $ 51. 6 million in compensation for 2004.