Carl Icahn is worth in the billions of dollars. Phil Mickelson, while I'm not privy to his balance sheet, I'd venture to say is worth north of $100 million. Wouldn't you think? Anyway, how in the world could they even remotely be involved in a transaction which could get the SEC's or FBI's attention? For what? Neither needs the money.
Did Icahn breach a duty ? Did Phil make a "quickie profit" on an improper inside tip ? Right, wrong or indifferent, when you're as famous and "squeaky clean " as these two, you protect your reputation that took a lifetime to build, 24/7. These are very, very smart and sophisticated individuals. One mistake can be very costly.
So without knowing more, I'll take a wait and see approach. But Phil, be more careful, will you?
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