Carl Icahn Hits Out At Forest Labs “Dynasty”

Forest Laboratories Inc. (NYSE:FRX) has received a strong dressing down from activist investor Carl Icahn today. The well known guru alleged that those in control at Forest were trying to create a family dynasty to control the firm.

Icahn asked in his letter to the company for comprehensive information on succession plans for the company's current CEO Howard Solomon. He specifically question the role of Howard's son David Solomon in those succession plans.

Forest Labs, which is based in New York City,  is active in the research, manufacture and sale of ethical drug brands. The firm's most recognizable products include...