Andreessen: Today's Carl Icahn Would Frown On 2005's Carl IcahnMichelle Jones
The latest round in the never-ending saga between Carl Icahn and Marc Andreessen has Andreessen again referring to something Icahn did in the past. This time, he's taking us back to 2005 when Icahn was chairman of XO's board and owned over 60% of that company. Then XO sold its wired business to Icahn for $700 million. The carrier used most of the money it received from Icahn to pay off debts and buy back preferred stock—both of which were owned Icahn.
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