Icahn’s Latest Battle in Ohio Leads To Union Uproar

Mark Melin

Published onJune 25, 2014

Updated on May 13, 2021

What’s Carl Icahn’s latest fight? Another spat with Bill Ackman over Herbalife Ltd. (NYSE:HLF)? Raiding the corporate boardroom at PayPal?

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Icahn’s latest fight with Ohio’s scrap metal company

No, Carl Icahn’s latest fight is with 60 workers at a relatively small scrap metal company he owns in Canton, Ohio. His goal: to take away company healthcare and force them into subsidized government health benefits through the Affordable Care Act (ACA), commonly called "Obamacare."

Icahn is forcing the employees into the ACA against provisions and could be subject to a $2,000 fine per worker. Under the ACA, employers that fail to...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Icahn’s Latest Battle in Ohio Leads To Union Uproar

Icahn’s latest fight with Ohio’s scrap metal company

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