Word: icahn
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Dates: during 2001-2001
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...lost his bid for a presidential pardon, but some familiar wheeler-dealers that he either funded or fought in his heyday as Wall Street's junk-bond king have resurfaced, let back in the game by a receding stock market. And they aim to play. The names include Carl Icahn, Henry Silverman, Ted Forstmann, Irwin Jacobs and Henry Kravis--an '80s reprise that almost makes you want to cue the Ramones and slam dance...
...course, a few key '80s players never went away. Bottom fisher Sanford Weill, for one, amassed an impressive array of financial companies on the cheap while others were getting tech-obsessed. He is now the head of Citigroup, one of the world's largest banks. Icahn, the '80s raider who shook Texaco and took TWA, has asserted influence in small doses throughout the '90s by buying large amounts of distressed corporate debt, as has former Milken colleague Leon Black at Apollo Advisors...
...Icahn, though, has clearly stepped up his pace, pushing Nabisco Holdings into the arms of Philip Morris and briefly rattling mighty GM's cage with a large stock purchase last year. Now he's thrusting himself into the middle of American Airlines' plans to buy TWA--long after he sold his controlling interest in the latter...
...these guys? "I can't give you the specifics," said Michelle Tuchman, a spokeswoman for the company. "It's fair to say that some of them are former airline executives and general investors." Tuchman did assure reporters that Carl Icahn, the billionaire financier who used to own TWA, was not among them. But whoever they are, they've got a mission: to keep TWA flying...