Post | 03/07/2008 6:00 pm

On '60 Minutes:' Carl Icahn

Lesley Stahl
I have a story about corporate raider Carl Icahn on “60 Minutes” this Sunday. In interviewing him, I discovered that he’s hilariously funny. Stand-up comic funny. And that he’s always — always — on the attack. In a way, the story relates to the political campaign, and could be an object lesson for all of us. One that ain’t that pretty.

Lesson: The best way to respond when your reputation has been sullied is to get real LOUD. Go on offense with a noisy, unrelenting, niggling, persistent, bellicose warrior’s attack. If you’re swinging and kicking, that’s what people will see (and the press will cover). And the besmirching of you will fade like an old scar.

It may be War College 101, but that’s how Hillary, when she was on the ropes, came back — she went Genghis Khan on Obama. And that’s what Carl Icahn has done with a withering public assault on corporate America’s CEOs, whom he says (with few exceptions) are greedy and bumbling. And now his own reputation as a dark-hat corporate raider has dissolved away.

Before I started working on “Icahn,” all I really knew was that he was one of those 1980’s “greenmailers.” But, now he’s seen as a hero to the country’s shareholders. Today when he targets a company, he makes money, but so do all the other investors. Here’s a clip from the story:

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Please watch the whole story on “60 Minutes” this Sunday, along with a piece about John McCain, and another about two lawyers who have kept it secret that their client had committed a murder, while an innocent man has been in jail for the crime for 26 years.

10 Reader Comments (so far…) Sign In or Register to comment

Sheryl ??

Men have known this for a long time. Women tend to apologize and explain while men feel free to ignore what they prefer not to deal with and forge aggressively ahead. Hillary is an unusual woman in this way, and it’s why she makes many men so nervous. She knows the secret. When I got my first job as an editor (coming from a completely different industry), I kept apologizing for the work I did (though the quality was excellent) and constantly talked about how much I had to learn. My boss (a woman) finally took me aside and told me to stop doing that. Just do the job - don’t apologize for yourself.

And on a different topic… I have always wondered, Lesley, why you were not given the job as anchor of the evening news. Katie Couric was good at her morning show gig, but she wasn’t the right person for an evening news anchor job. (Of course, Dan Rather never should have been fired in the first place.)

By Sheryl ?? on 03/08/2008 7:31 pm
Ann P.

Leslie, you’re my hero girl. Plus, you still look hot!!

By Ann P. on 03/08/2008 7:53 pm
Maureen Sharib

…about two lawyers who have kept it secret that their client had committed a murder, while an innocent man has been in jail for the crime for 26 years.” THIS is what’s SO WRONG about the American judicial system. Those in power make their own rules.

“There are a thousand hacking at the branches of evil to one who is striking at the root.” ~ Henry Thoreau

By Maureen Sharib on 03/09/2008 9:06 am
patricia hannigan

The interview with Ichan was disturbing in that his brand of self centered corporate swashbuckling is at the root of many of the monumental problems facing the US economy today. And he knows it and he’s fine with it. To me he came off as creepy and unappealing much like many of the men I encounter in my professional life. {{mini rant}}

By patricia hannigan on 03/09/2008 8:15 pm
Karen Fain

We, in Colorado, have just seen a young man released from prison after nine years, for a murder he did not committ. His conviction was due to incredibly sloppy police work. Why weren’t the police who investigated the crime of the man that is profiled in the 60 minutes story being held accountable? Lawyers cannot betray their confidences. As they said, that would jeopordize the entire system. However, it seems like in 26 years, they could have figured out a way to get an innocence project pointed toward this man. I just hope the judge tomorrow decides that a new trial is not necessary, and that he releases him.

By Karen Fain on 03/09/2008 9:44 pm
Lisa Guest

I finished that story and thought how sad it is that a new trial is needed when it’s obvious this guy was wrongly accused. What a waste of time and energy. The Icahn concept of going on the offensive is so foreign to me. I was just wrongly maligned for something and I chose to walk away. This story gives me pause, thoughts and strategies. This is my fifth story read on your site. I’m hooked. I’ll be here every day. To the women who have gone out and conquered life, sharing your secrets and souls and food encrusted sweaters is absolutely golden. What a blessing. I feel I’ve been hiding for years in a cold world I knew needed my best. Maybe after reading all of you for a few months, it will finally be time to come out of my safe cave.

By Lisa Guest on 03/10/2008 1:26 am
Jozie Lee

1. Icahn: Anti-Robinhood. Steals from the poor and gives to the rich. Opening two charter schools? At least he’s giving something back. Wonder if Hillary Clinton will borrow his art gallery when she takes the White House.
2. Innocent man: How can we continue to incarcerate an innocent man? No trial. Just let him go home.
3. McCain: No surprises. He’s gotten his campaign message across. He’s a tough bird, but if I were a Republican voter I’d worry about his health and his ability to make it through a 4-year presidency. And look very closely at his running mate.

Excellent show tonight.

By Jozie Lee on 03/10/2008 4:08 am
Maureen Sharib

This might also be of interest:
Lawyer Reveals Secret, Toppling Death Sentence
http://tinyurl.com/2sfknv

By Maureen Sharib on 03/10/2008 8:37 am
Carol Norris

I was very intrigued by the story on Icahn. Makes you wonder who is really running the country. The guy in prison is only the tip of the iceburg. Your story should offer hope to the countless others who are in prison because the police system needs to be more transparent. Sure there will always be criminals, but hopeful our moral values will come to the aid of those who are preceived to be criminals because of their appearance.

By Carol Norris on 03/10/2008 11:04 am
Addie Pray

Carl Icahn’s sole self-professed motive is money. I don’t find that fascinating, unless you have a thing for unfettered greed.

By Addie Pray on 03/10/2008 1:09 pm
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