Icahn: A Korean Welcome Is Unlikely

Corporate raider Carl Icahn has won an important battle, but his Korean war is far from over. Icahn's ally Warren Lichtenstein was elected on Mar. 17 to the board of KT&G, the country's former tobacco monopoly, at the company's annual shareholder meeting. It marks the first time a foreigner at odds with management has been elected to a Korean company's board. A victory for Icahn and Lichtenstein to savor, no doubt.

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