Carl Icahn, an 88-year-old investor known for challenging corporate leadership, is facing scrutiny as his investment company, Icahn Enterprises, suffers a 75% drop in shares.
The steep decline in Icahn Enterprises' stock has led to fears among investors that the company might have to liquidate its holdings, causing broader market concerns.
With Mr. Icahn's personal loss of billions, the confidence that investors once held in him is dwindling, suggesting that maintaining investor trust is crucial.
Investors speculate on whether Icahn has been selling his shares amidst the stock plunge, raising alarm about the implications for loans secured against his stock.
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