Carl Icahn Issues Open Letter to Taj Mahal Local 54

The transcript discusses Carl Icahn's involvement in the financial struggles of the Atlantic City casino, particularly the Taj Mahal. Icahn is hesitant to invest further due to existing union contracts and financial losses. He emphasizes the need to renegotiate contracts with Local 54 to save jobs, despite concerns about pensions and health care. Icahn argues that if the casino closes, employees will lose their jobs entirely. He positions himself as an advocate for the workers, urging them to cooperate to preserve employment.

What was the potential outcome for employees if the Taj Mahal were to close?

What message did Carl Icahn convey to Local 54 regarding their situation?