How I Got Along With Carl Icahn: Hain CEO

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Oct. 10 (Bloomberg) -- Irwin Simon, founder and CEO of Hain Celestial, comments on his relationship with billionaire Carl Icahn. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Carl icahn had a stake in your company for three years.

That's like calling my father ran saying your son is here drinking beer or something.

Listen, call carl and i'm sure he will say nice things.

He has.

He has said many nice things about you and the company.

Three years you spent with him.

Three and a half.

When you spend that much time with carl icahn, you count in days and hours.

[laughter] you embraced him in a way that's different than a lot of ceos might.

What was your relationship like with carl icahn?

Number 1, 1 day i got a call from my assistant said there's a guy named carl icahn on the phone.

I'm about to file this on your company.

I had every investment bankers saying we need to fight and get a poison pill in place.

My philosophy was, listen, he just got 7 million shares and he found a great opportunity.

He saw an undervalued company.

The company today is a much stronger company, better positioned than it was back then.

And part of what advice he gave you?

When he's an investor, he's going to give you some advice.


It was a relationship that worked out well.

You see a lot of relationships that don't. he and his group made $400 million and more.

I'm happy when shareholders make money and you treat every shareholder the same, but at the end of the day, you see a lot of companies go to start in fight with coral.

You get into proxy fight and you spend money.

At the end of the day, all he wants is the stock to go up.

Our stock went from $20 to about $78 when he got out.

I get asked all the time, what did he see yeah though there's nothing wrong with the ringing the cash register and making money.

He said there was this opportunity and organic space.

If you had to give tim cook one piece of advice right now for

This text has been automatically generated. It may not be 100% accurate.


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