It has been widely accepted wisdom that corporate raider Carl Icahn launched his hostile takeover of Trans World Airlines six years ago in order to greenmail management into paying a higher price for his stock. Icahn confounded the skeptics by actually taking control and running the airline, - but he has made no secret in recent years of wanting out of his money-losing investment. Throughout last week, Icahn and TWA's labor unions hammered away at a deal that would turn over the airline to its 28,000 workers and allow the New York takeover artist to bail out and save face at...
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