Carl Icahn: Taj Ownership Issues Letter To Taj Employees

Taj Ownership Issues Letter To Taj Employees by Carl Icahn

To: All Taj Employees

From: Taj Ownership

Date: August 4, 2016

Yesterday we announced that the Taj would close after the Labor Day weekend.  This was not an easy decision.  Icahn Enterprises has lost almost $100 million trying to save the Taj.  It is important to remember that Icahn Enterprises wasn’t involved, in any way whatsoever, with the Taj management and ownership that put the Taj into bankruptcy. Icahn Enterprises in no way created the dire circumstances that the Taj found itself in at that time.  When the prior equity owners were unwilling to invest even a dollar in the Taj, Icahn Enterprises stepped in to try to save the business. ...