Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value
Publishing timestamp: 2024-02-17 08:49:26
Summary
Carl Icahn, a well-known activist investor, has reached an agreement with his son Brett Icahn to rejoin his firm as a successor. They have a history of successful activist investing and have recently acquired a position in JetBlue. With the airline facing challenges, including the blocked merger with Spirit, having an activist investor on board could help drive value for shareholders. The new CEO, Joanna Geraghty, will need to navigate these changes with Icahn's involvement.
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Keywords: jetblue airways corp, stock markets, breaking news: investing, hedge funds, business news, investment strategy,