Icahn – an endlessly litigious activist investor – used his trademark acerbic tone to complain about the deal.
He claimed that the terms of the Berkshire Hathaway preferred stock deal highlighted Hollub’s inexperience, saying that a “ninety-minute deal ‘negotiation’ with one of history’s canniest investors is no place to gain M&A experience – at least if you care about protecting your stockholders”.
Hollub isn’t the first chief executive to find herself under a withering attack from Icahn and she probably won’t be the last.
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