Not so long ago, Carl Icahn looked like just another face in the rogue's gallery of corporate raiders, the types who bad-mouth managers but seldom seem to spend an honest day's work trying to renovate the companies they attack. Yet lo and behold, this widely feared raider is proving a breed apart from the other fast-buck operators. He rolls up his sleeves. Icahn, 51, is a quick learner who is imposing his no-frills ethic on some of the largest and most troubled U.S. corporations. Right now, the unflappable Icahn (estimated net worth: $700 million) is simultaneously juggling three daunting turnaround projects:...
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