Case | HBS Case Collection | December 2011 (Revised September 2015)

Carl Icahn and Clorox

by Jay W. Lorsch and Kathleen Durante


This case outlines the takeover attempt by activist investor, Carl Icahn, for the Clorox Company. The board of the company repeatedly rejected Icahn's offers as inadequate. He made three bids over the course of three months.

Keywords: Investment Activism; Governing and Advisory Boards;


Lorsch, Jay W., and Kathleen Durante. "Carl Icahn and Clorox." Harvard Business School Case 412-078, December 2011. (Revised September 2015.)