Carl Icahn Quickly Fires Back At Taj Mahal Union

Mark Melin

Published onJune 10, 2015

Updated on May 13, 2021

The fight between hedge fund manager Carl Icahn and the local Atlantic City union representing casino workers is heating up yet again. After workers represented by Local 54 of UNITE-HERE, representing nearly 1,100 bartenders, bellmen and other workers at the bankrupt Trump Taj Mahal, hand delivered a letter to Trump blasting him over benefit cuts and other concessions to keep the casino open, Carl Icahn fired back at the union, calling the pension fund a “Ponzi scheme” and “a black hole.”

Carl Icahn Icahn Enterprises — Image: FBN

Union delivers a letter to Carl Icahn which stirs the bees nest

The vitriolic letter from the union that spurred the rebuttal...

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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.

Carl Icahn Quickly Fires Back At Taj Mahal Union

Union delivers a letter to Carl Icahn which stirs the bees nest

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