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Is Icahn set to be King Lear?

icahn King lear
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Is Icahn set to be King Lear?

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Byline: Brent Snavely Last week’s corporate buyout saga involving Southfield-based Lear Corp. (NYSE: LEA) and legendary corporate raider Carl Icahn was unusual both for a company targeted by Icahn, and for Icahn himself. Typically, when Icahn sets his sights on a company, the company does everything in its power to block him, and keep him off of the board, said Mark Stevens, author of King Icahn, and CEO of New York-based marketing firm MSCO. “He’s a tough son-of-a-bitch,” Stevens said. “He’s going to find a way to break the company up and get rid of them. … He doesn’t want to be in there to be on the board, or to go on golf junkets, he wants to change things.” Icahn built his reputation in the 1980s as a corporate raider by targeting companies such…

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