Carl Icahn Issues Open Letter to Taj Mahal Local 54

The transcript discusses Carl Icahn's involvement in the financial struggles of the Atlantic City casino, particularly the Taj Mahal. Icahn is hesitant to invest further due to existing union contracts and financial losses. He emphasizes the need to renegotiate contracts with Local 54 to save jobs, despite concerns about pensions and health care. Icahn argues that if the casino closes, employees will lose their jobs entirely. He positions himself as an advocate for the workers, urging them to cooperate to preserve employment.

What was Carl Icahn's initial stance on investing in the Taj Mahal casino?

• He had no interest in the casino at all.

• He was eager to invest without any conditions.

• He was reluctant to invest without changes to union contracts.

• He wanted to invest more than $100 million.

What was one of the main conditions Carl Icahn set for investing in the Taj Mahal?

• Expanding the casino's operations.

• Breaking the contract with Local 54 union.

• Hiring more staff.

• Increasing employee wages.

What potential benefit did Carl Icahn mention for low-wage employees if the Taj Mahal closed?

• They would receive bonuses.

• They would be rehired at a different casino.

• They would be covered by Obamacare.

• They would receive severance packages.

How did Carl Icahn attempt to communicate his position to the union and employees?

• By organizing a public protest.

• Via an open letter on Twitter.

• By sending letters to each employee.

• Through a press conference.

What was Carl Icahn's message to Local 54 regarding the fight over contracts?

• He was planning to sell the casino.

• He wanted to close the casino immediately.

• He was trying to save their jobs.

• He was indifferent to their concerns.