1. Articles from Andrew Bary

    1-6 of 6
    1. Carl Icahn Is Right to Be Furious About Warren Buffett’s Sweet Occidental Petroleum Deal

      Carl Icahn Is Right to Be Furious About Warren Buffett’s Sweet Occidental Petroleum Deal

      Carl Icahn is seeing red. In a letter Monday blasting Occidental Petroleum ’s management and board, Icahn, the billionaire activist investor and Occidental shareholder, asserted that Warren Buffett took Occidental CEO Vicki Hollub “to the cleaners” when Occidental (ticker: OXY) agreed to issue $10 billion of preferred stock to Berkshire Hathaway (BRK.A) in late April. That preferred carries an 8% dividend yield, and Berkshire also got valuable warrants on Occidental stock...

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    2. Bill Ackman Is Having His Best Year Ever. But Investors Ignore Pershing Square.

      Bill Ackman Is Having His Best Year Ever. But Investors Ignore Pershing Square.

      At age 53, the activist investor Bill Ackman is having the best year of his career . And for those who want to invest alongside him, there is now an opportunity to get in at a big discount. Ackman’s closed-end fund, Pershing Square Holdings (ticker PSH. Netherlands), closed Tuesday at $17.90 a share, a 28% discount to its net asset value of $24.92 on June 30...

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      Mentions: Bill Ackman
    3. Carl Icahn Is Taking On Occidental Petroleum. Why That’s Good for the Stock.

      Carl Icahn Is Taking On Occidental Petroleum. Why That’s Good for the Stock.

      Carl Icahn’s latest target is Occidental Petroleum . He has blasted the company for its “hugely overpriced acquisition of Anadarko Petroleum ” and for disenfranchising shareholders by refusing to allow them to vote on the deal . While there is little the activist investor can do to stop the $38 billion acquisition, he is adding to the growing shareholder pressure on Occidental (ticker: OXY)—and that could be bullish for its depressed stock...

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    1-6 of 6
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    A New Low for Corporate Governance Will an Activist Ring Franklin's Bell? The Bill Ackman Comeback Picks Up Steam With a Recommendation Carl Icahn Is Taking On Occidental Petroleum. Why That’s Good for the Stock. Bill Ackman Is Having His Best Year Ever. But Investors Ignore Pershing Square. Carl Icahn Is Right to Be Furious About Warren Buffett’s Sweet Occidental Petroleum Deal ESSA Announces Changes to its Board of Directors Oracle Co-CEO Mark Hurd Passes Away CyberX Appoints Ron Zoran to Board of Directors AT&T in Talks to Diffuse Shareholder Row Contango Announces John Goff as New Chairman of the Board and Enhancement to Its Management Team MassMutual Announces Election of Shelley Leibowitz to Board of Directors