Carl Icahn under scrutiny over stock sale ahead of Trump tariff announcement

So, did Carl Icahn get a tip-off from Trump on steel and aluminum tariffs before he sold millions of dollars in shares of a major crane manufacturer--The Manitowoc Co., which would have been hard hit by tariffs?

Share this post


Link to post
Share on other sites

Does it matter? He's a close friend of Trump's, and no one would ever be able to prove it. 

  • Like 1

Share this post


Link to post
Share on other sites

Well, he's still the fifth biggest holder of Manitowoc, and the shares that were sold represent only about a third of what he had. So if it's insider trading, he didn't do a bang up job. Not to mention that that would be quite a risk to take just to ditch 30 million in stock (which lost a fraction of its worth after the tariffs were announced) for someone who is worth tens of billions. Weirder things have happened, but just saying. 

On another note, do we really know Icahn is a "longtime friend" and "confidant" of Trump? Their relationship is categorized in various ways, depending on the media's agenda they are trying to push that day.

https://www.washingtonpost.com/politics/carl-icahn-donald-trump-business-rivalry-partnership/2016/04/30/4cc69316-024a-11e6-9d36-33d198ea26c5_story.html?utm_term=.5207c695b573

 

Share this post


Link to post
Share on other sites
Sign in to follow this  
Followers 0