Icahn Gives Name, $200 Million To Medical School

Nov 15 2012 | 3:36am 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."


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of