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  "documentTitle": "Icahn Enterprises L.P. (self) (IEP)",
  "authorId": "14_Icahn",
  "authorName": "Icahn Enterprises",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2015-08-01 00:00:00",
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  "pageNumber": 5,
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  "notes": "The slide serves as a foundational narrative for the activist strategy, citing specific historical performance metrics and investment examples.",
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  "components": [
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      "kind": "callout",
      "text": "In 2000, we began to expand our business beyond our traditional real estate activities, and to fully embrace our activist strategy.",
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      "kind": "paragraph",
      "text": "Today, we are a diversified holding company owning subsidiaries engaged in the following operating businesses: Investment, Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Real Estate and Home Fashion...",
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      "text": "Across all of our businesses, our success is based on a simple formula: we seek to find undervalued companies in the Graham & Dodd tradition... This activism has brought about very strong returns over the years.",
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      "text": "Several of our operating businesses started out as investment positions... In 2012, we acquired a controlling interest in CVR Energy, Inc. ('CVR')... we had a gain of approximately $2.0 billion on our purchase of CVR.",
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      "text": "During the next several years, we see a favorable opportunity to follow an activist strategy that centers on the purchase of target stock and the subsequent removal of any barriers...",
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      "text": "In 2000, we began to expand our business... On January 1, 2000, the closing sale price of our depositary units was $7.625... On June 30, 2015, our depositary units closed at $86.72... an increase of approximately 1,426%...",
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      "text": "The Icahn Strategy",
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