Carl Icahn Raid

Icahn eventually succeeded in gaining control of the Trump Taj Mahal casino. In 2014, a bankruptcy-court judge expressed concern that Icahn Enterprises would just close the place, and insisted that company executives testify that they had no plans to shut the casino down. Initially, Icahn promised to invest $100M in the ailing facility. But he ended up embroiled in yet another bitter union fight, and refused to yield on demands from casino employees for better pay and health benefits. Eventually, Icahn shuttered the casino. The casino’s demise put 3000 people out of work. In March, 2017, Icahn found a buyer: Hard Rock International. 1 day earlier this summer, former employees queued up alongside treasure hunters and curious passersby on the boardwalk outside the beleaguered casino. A liquidator had arranged a fire sale of the items inside. People carted home used bed linens and scuffed armchairs and statuary of fake gold. They looked for souvenirs bearing the Trump name, but there weren’t any.

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