On this day

February 16, 1936

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Headlines from February 16, 1936

Notable Births

Carl Icahn

1936Carl Icahn, American businessman and investor[†]

Carl Celian Icahn is an American businessman and investor. He is the founder and controlling shareholder of Icahn Enterprises, a public company and diversified conglomerate holding company based in Sunny Isles Beach, Florida. Icahn's business model is to take large stakes in companies that he believes will appreciate from changes to corporate policy; Icahn then pressures management to make the changes that he believes will benefit shareholders, and him. Widely regarded as one of the most successful hedge fund managers of all time and one of the greatest investors on Wall Street, he was one of the first activist shareholders and is credited with making that investment strategy mainstream for hedge funds.

Historical Events

1936 Spanish general election

1936The Popular Front wins the 1936 Spanish general election.[†]

Legislative elections were held in Spain on 16 February 1936. At stake were all 473 seats in the unicameral Cortes Generales. The winners of the 1936 elections were the Popular Front, a left-wing coalition of the Spanish Socialist Workers' Party (PSOE), Republican Left (Spain) (IR), Esquerra Republicana de Catalunya (ERC), Republican Union (UR), Communist Party of Spain (PCE), Acció Catalana (AC), and other parties. Their coalition commanded a narrow lead over the divided opposition in terms of the popular vote, but a significant lead over the main opposition party, Spanish Confederation of the Autonomous Right (CEDA), in terms of seats. The election had been prompted by a collapse of a government led by Alejandro Lerroux, and his Radical Republican Party. Manuel Azaña would replace Manuel Portela Valladares, caretaker, as prime minister.