Icahn Defends Shareholder Activist Role Amid Phillips Bid
Carl Icahn positions himself as an individual corporate activist who pushes for management accountability and capital flow. Critics call him a greenmailer, but Icahn cites profits from past battles and cites his firm Icahn & Co. as evidence of his business seriousness.
MENTIONED IN THIS ARTICLE
New York
Carl C. Icahn
Wall Street
Phillips Petroleum Co
Icahn
Princeton University
New York University
Medical School
Associated Press
Phillips
Saxon Industries Inc
Tappan Co
Mansfield
Ohio
Robin Hood
New York Stock Exchange
American Stock Exchange
Bayswater Realty & Capital Corp
Chicago
Pluses and minuses for two income households
Two earner families face higher effective tax rates with the second income. When childcare, transportation and other costs are added, the net gain can shrink to modest sums. Tax changes may cut some benefits, while the social shift increases financial resilience for households facing illness or job loss.
MENTIONED IN THIS ARTICLE
Chet Currier
New York
United States
Fact
Laven
Treasury
Weekly economic reports outline for Jan Feb and tax changes
The week features January retail and early February auto data with key reports on money supply for the week ended Feb 4 and December inventories and credit. Friday brings producer price indexes and industrial production data plus W-4 filing deadline. Local business meetings cover economics and industry topics in Cedar Rapids. Stock and bond offerings for the coming week are listed for multiple states and institutions. National money rates and Telerate benchmarks close the report.
IRS warns AT&T stockholders over breakup taxability
The IRS says shares received from AT&T's Bell System breakup are not fully tax free, applying a formula that taxes $3.90 per 10 shares as income. About $80 per average share and $300 million total across holders may be taxable, with the IRS pledging to track any underreporting. AT&T disputes the ruling, citing a tax‑free breakup.
MENTIONED IN THIS ARTICLE
Nev
Ous
New York
American Telephone and Telegraph Co
Internal Revenue Service
At&t
Bell System
IRS
Pacific Telesis Group
At&T’s
Pacific Telephone and Telegraph Co
Pacific Teles
Pacific Telephone
Plan now save later plan now save later
The Kiplinger Magazine outlines year round tax planning with key calendar dates February through December. It advises W4 adjustments, April 15 deadlines for 1984 tax and 1985 estimates, half year job changes, June wedding bracket shifts, midyear and year end tax moves, and Keogh plan deadlines to maximize deductions and offset gains.
MENTIONED IN THIS ARTICLE
Kiplinger
IRS
Automated system to detect counterfeit stock certificates
Light Signatures Inc announces an automated high speed system to read and verify stock certificates and other securities. The method aims to reduce human error, speed processing, and may extend to bonds and commercial paper, with full operation planned for early 1986.
MENTIONED IN THIS ARTICLE
Los Angeles Times
LOS Angeles
Light Signatures Inc
Ronald A. Katz
Ronald W. Readmond
FISC
Alex. Brown & Sons
Also Mentioned on This Page
Carl Icahn
Forbes Magazine
Chesebrough-Ponds Inc
Dan River Inc
Danville
Marshall Field & Co
Batus Inc
Hammermill Paper Co
Erie
Phillips Petroleum
Phillips’ Public
Icahn & Co. Inc
Dreyfus & Co
Gruntal & Co
ACF Industries Inc
ACF Industries
Thomas Hyland
Standard & Poor's Corp
Hyland
L.A
Wall Street Journal
Fact Magazine
Cedar Rapids
Administrative Management Society
Life Investors
Lizzie
Donna Feld
Linn- Mar
Cedar Rapids Consumer Credit Association
Longbranch
Ken Caldwell
Life
Sheraton Inn
Glenn Patton
University of Iowa
Securities Calendar
Salomon Brothers
Smith Barney
California
Fairfield
Stone & Youngberg
Colorado
Colo. Housing Finance Authority
Illinois
Palatine
Massachusetts
Mass. Health & Education Facilities Authority
Harvard University
Goldman Sachs
Salomon Bros
Texas
Texas System
Permanent University Fund
Prudential Bache
Washington
Chase Manhattan
Iowa
Iowa State University of Science and Technology
Nuveen
Connecticut
Resource Recovery Authority
First Boston
Florida
Merrill Lynch Capital Markets
Telerate Systems Inc
Finance Company
Treasury Bill
Telerate
N.a
Warren S. Shine
Ernst & Whitney
Big Brother
Steven J. Pyrek
Tom King
Millhiser Smith Agency, Inc
Oakland Road
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