Where Carl Icahn Went Wrong

The activist won the battle for Newell Brands — but so far isn’t winning the war.

Michelle Celarier March 20, 2019

Carl Icahn

(Peter Foley/Bloomberg)

Carl Icahn’s big win with consumer products company Newell Brands has been nothing short of a Pyrrhic victory.Last year, Icahn thwarted an activist proxy contest by activist hedge fund firm Starboard Value by promising Newell CEO Michael Polk he could keep his job,

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