Carl Icahn · 2007 · Contemporary press coverage, 1988 and 2007-2009
RJR Nabisco and Texaco campaigns (documented history)
Icahn's 2007-2008 campaign against RJR Nabisco's successor, Kraft, and his earlier 1980s assault on RJR itself, displayed his long-run consistency: he argued that consumer conglomerates trading at discounts to their parts should be split or sold. He proposed disposals and buybacks, won partial concessions, and kept returning to the theme across decades whenever the valuation gap reopened.