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So Icahn agreed to make up for any lost profits by injecting money into funds run by his son and Schechter if their views are proven right and it turns out he sold the Netflix shares too soon, according to a regulatory filing which details the agreement. If the shares climb further, then Icahn has committed to make "cash or cash equivalents" available to a new fund under Brett Icahn and Schechter's management, called the New Sargon Portfolio, it said.
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Why, after months of posturing, is baseball giving up on its "nuclear option?" The Post posits that Selig "reversed course out of concerns the tactic would intensify growing backlash that Selig is being particularly heavy handed with Rodriguez." A more cynical observer might wonder if the threat of a unilateral lifetime ban wasn't just a public negotiating tactic all along, designed to frighten Rodriguez into admitting wrongdoing and cutting a deal.
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