IEP Stock Falls as Icahn Enterprises Names New CEO

Conglomerate Icahn Enterprises (NASDAQ:IEP) — named after its founder, the activist investor Carl Icahn — again found itself treading in red ink. Sparking the negativity was a change in leadership. And since a short-seller report last year, IEP stock has struggled for traction.According to a Seeking Alpha report, Icahn named Andrew Teno its new CEO, replacing David Willetts. In a corporate statement earlier Wednesday, Willetts will be the head executive of Pep Boys, one of Icahn’s portfolio companies. On th ...