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An Activist Investor Lands in Your Boardroom — Now What?

Harvard Business Review

After Icahn Enterprises initially acquired a 4 percent stake in Motorola in 2007, the company invited Icahn allies Keith Meister and William Hambrecht onto its board in April 2008, shortly after directors had approved the breakup. He acquired large blocks of stock in companies as varied as Apple, Biogen, Time Warner, U.S.