With all the media coverage on the Herbalife, Ackman, Soros and Icahn recently I decided to investigate Icahn Enterprises (IEP) in more detail.
In particular this article got me interested to start digging further:
http://www.kiplinger.com/article/investing/T052-C000-S002-carl-icahn-better-investor-than-buffett.html
So how does Icahn Enterprises fare vs some other benchmarks?
See the table below from their June 2013 investor presentation:
Source: http://www.ielp.com/index.cfm
So is IEP worth a further look?
The next question on my mind was to see how much the CEO got paid. For investment funds and diversified holding companies the executive remuneration and/or fund manager fees play a key criteria in deciding the overall long term returns to the shareholders.
A bit of searching led me to this article:
http://money.cnn.com/gallery/news/companies/2013/08/06/one-dollar-salaries/6.html
According to the article Carl Icahn's most recent remuneration was rather modest:
Salary: $1
Stock, options, other pay: $147,559
Total pay: $147,560
I'm sure most investors would be accepting of a CEO / fund manager taking a pay of $147,560 while share performance has outperformed the market by such a large margin over time.
A few questions:
Does anyone out there have ideas on the stock?
Would you invest in IEP over Berkshire currently?
Comments or questions?
Found out today Carl Icahn has been buying into Apple (AAPL). Personally been long on AAPL since a month ago as believe undervalued still.
ReplyDeletehttp://youtu.be/nWNDQ56osB4