Monday, 30 March 2015
Last updated 6 hours ago
Nov 15 2012 | 2:36am ET
Long before he became a legendary corporate raider and hedge fund manager, Carl Icahn attended medical school. Now, his name will finally appear on a medical diploma—as the name of a medical school.
The Icahn Associates chief, who last year stopped managing outside capital, has pledged $200 million to the Mount Sinai School of Medicine in New York, which will be renamed the Icahn School of Medicine at Mount Sinai. Icahn, who serves on the school's board of directors, has already given $50 million to it, with the other $150 million to come.
Icahn said the gift, which will be primarily used to build research capacity, was influenced by both of his parents: He cited his father's socialist legacy and his mother's dream that her son would become a doctor. "It does help the people that aren't that fortunate," Icahn said of his new namesake.
Icahn also spoke of the two years he spent in medical school at New York University—a school now named for fellow financier Kenneth Langone—at his mother's urging. He "hated" the experience, he said, but added, "My mother would be proud of me today. My name is involved with a medical school."
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…