Much talk in the PE-related press lately has centered around Carl Icahn’s High River Limited Partnership suing Realogy which is controlled by his old friend Leon Black’s Private Equity gargantuan Apollo Management. I figured I would post the video that’s going around from when the duo were on warmer terms. Here’s Icahn roasting Black in a stand routine about their work together trying to form a deal for U.S. Steel from when Black was at Drexel, Burnham. Icahn could have been Carl Reiner:
Here’s another clip from that riff session:
Just for good measure, here’s a copy of the lawsuit.