$IEP is down 22% today. Dropping share price is a big problem for Carl Icahn. The more the share price drops, the more of his personal assets he has to sell to put up as collateral. Big drops like this are NOT fun for Icahn.

He has blamed Hindenburg, but if they didn't have some legitimate points, then nothing would have happened. But some investors have realized $IEP 's dividend is too high and decided to sell.