JetBlue Gains New CEO, President—And Activist Investor

Carl Icahn

In 1986, then-TWA Chairman Icahn told reporters the airline had reduced its normal schedule by half and hired 1,500 new flight attendants and supervisors to take over for the 6,000 who had gone on strike.

Credit: Bettmann/Getty Images
Trans World Airlines operated for more than 50 years before Carl Icahn wrested control of it in 1985, first as an investor and later as its controlling shareholder and chairman. Eight years and one bankruptcy later, the legendary carrier was a shadow of its former self, and in the mid-1990s Icahn...

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