What adjustments are being discussed in relation to the exits of Carl Icahn and Bill Ackman?
Icahn Takes $1.6 Billion Loss on Hertz
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The transcript discusses the impact of the virus on major investors like Carl Icahn and Bill Ackman. Carl Icahn exited Hertz with a $1.6 billion loss after being its top shareholder for six years. Bill Ackman decided to exit Berkshire Hathaway and Blackstone, questioning the value of holding Berkshire if it doesn't utilize its cash reserves for acquisitions or stock repurchases.
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What was the cash pile amount that Berkshire Hathaway was holding?
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