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Carl Icahn Engages In Game of Chicken Over Taj Mahal

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Mark Melin
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In a new blog post, Carl Icahn is asking union members to question their leadership as the fight to save Atlantic City’s Taj Mahal hotel – and Icahn’s $285 million investment – is far from over. The question is: who will blink first.

Carl Icahn
Carl Icahn image via FBN

Icahn attempt

In the blog post, Icahn attempts to create a bond between the union workers at the hotel as he starts the letter with a discussion of his tough upbringing on the streets of Queens. Perhaps providing a bit of an activist manifesto, Icahn lays down his bonafides: “I learned to fight bullies...

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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.