Carl Icahn accuses brand New Jersey State Senate President Stephen Sweeney of selling out Atlantic City by supporting a north Jersey casino.
Business mogul Carl Icahn and New Jersey State Senate President Stephen Sweeney exchanged harsh words final Friday, with each accusing the other of selling out some portion of Atlantic City for their particular gain. The war of words started after Sweeney participated in protests with union employees from the Trump Taj Mahal, protests of which Icahn proved to be always a major target.
Those protests were designed to fight back against a Trump Entertainment plan to break out of a contract and cut pensions and benefits for workers in order to cut costs and keep the casino open as we reported earlier this week.
The business claims that the casino will have to close on November 13 unless many concessions are granted to it, like the cutbacks in employee benefits and $25 million in aid from their state, along with a tax assessment that is reduced.
Workers Blame Icahn
But Icahn proved to be a major figure in the protests. The protesters demonstrated near the Tropicana, which can be owned by a group led by Icahn, and numerous see him as the real threat to the advantages and wages made available from their current positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by converting the debt he holds in the company int