After taking a 10% stake in JetBlue, activist Carl Icahn scored a win for two board seats
Two of Carl Icahn's deputies will take seats on the airline's board.
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Two of Carl Icahn's deputies will take seats on the airline's board.
The activist investor scored a quick settlement with JetBlue after disclosing a 10% stake this week.
Carl Icahn acquired nearly 10% of jetBlue and earned two seats on the board, but industry watchers wonder what Icahn learned from his failure at Trans World Airways.
With a nearly 10% stake and two board seats, the activist could have major sway over the struggling airline’s next moves.
(Bloomberg) -- JetBlue Airways Corp. agreed to give two board seats to Carl Icahn, heading off a potential proxy fight after the activist investor revealed a nearly 10% stake in the carrier.Most Read from BloombergTrump, Sons and Associate Hit With $364 Million Fraud FineWall Street Ends Wild Week on Sour Note After PPI: Markets WrapAlexey Navalny, Jailed Activist Who Defied Putin, Dies at 47Hawaii Rightly Rejects Supreme Court’s Gun NonsenseBiden Blames Putin for Navalny’s Death as Western Outr