Fair Money & Economic Opportunity

Icahn Enterprises L.P., through its association with EasyPay Finance, offers loans with APRs up to 189%, which is well above 100% and significantly exceeds responsible lending benchmarks, indicating highly unfair pricing.

A significant portion of EasyPay's business model is based on these high-cost loans, suggesting a substantial reliance on exploitative products. Consumer advocacy groups allege that EasyPay Finance uses a 'rent-a-bank' scheme to circumvent state interest rate caps and engages in deceptive lending practices. Numerous consumer complaints have been filed with the CFPB, BBB, and Ripoff Reports, and a petition urges the FDIC to intervene, indicating multiple significant regulatory citations for disclosure failures and alleged violations. Loan applications are often taken over the phone or on small devices without written copies, and interest rates are frequently hidden in fine print or not disclosed until after repairs, severely limiting data accessibility and product simplicity. Customers experience negative impacts such as harm to credit reports and debt collection harassment, indicating a decline in overall customer credit health and significant debt burdens.

Fair Pay & Worker Respect

For Fiscal Year 2024, Icahn Enterprises LP reported a CEO total compensation to median employee compensation ratio of 63:1.

The CEO's total compensation was $2,427,738, while the median employee's total compensation was $38,722.

Honest & Fair Business

Icahn Enterprises L.P. was fined US$1,500,000 by the SEC on August 19, 2024, for failing to disclose Mr. Icahn’s pledge of IEP units from 2018 through 2020.

Carl C. Icahn was also fined US$500,000 by the SEC on the same date. The company's Code of Ethics and Business Conduct, dated January 19, 2023, includes a Whistleblower Policy. This policy requires employees to report illegal or unethical behavior, offers an anonymous 24/7 Ethics Hotline and online reporting, and prohibits retaliation for good-faith reporting, with disciplinary action up to termination for violations. It also states employees can report to governmental agencies without fear of retaliation. The SEC found that IEP failed to disclose Mr. Icahn’s pledge of IEP units for at least the years ended December 31, 2018, through December 31, 2020, which indicates inaccurate financial reporting during that period. Mr. Icahn and his affiliates owned approximately 84% of the company's outstanding units as of May 10, 2023, and approximately 85% as of June 30, 2024. From December 31, 2018, to August 19, 2024, Mr. Icahn pledged between 51% and 82% of IEP’s outstanding units as collateral for his personal loans. The company's anti-corruption policy prohibits employees from taking unfair advantage through manipulation, concealment, abuse of privileged information, misrepresentation of material facts, or other unfair dealing practices.

Kind to Animals

Carl Icahn, who controls IEP.US, has publicly engaged in proxy battles with companies like McDonald's and Kroger to advocate for improved animal welfare practices, specifically the elimination of gestation crates for pigs.

This includes calling for commitments to eliminate gestation crates in global supply chains by 2024. and mentioning the introduction of the PIGS Act, bipartisan legislation to prohibit such confinement. This demonstrates active advocacy for progressive welfare legislation.

Planet-Friendly Business

Icahn Enterprises (IEP.US) has accumulated 136 regulatory penalty records since 2000, totaling over $101 million.

Environment-related offenses account for the largest portion of these penalties, at over $87 million, including significant fines for environmental, air pollution, and hazardous waste violations. This indicates an average of approximately 5.44 violations per year over the period.

Safe & Smart Tech

No specific, concrete evidence was found in the provided articles to assess IEP.US against any of the Safe & Smart Tech KPIs. The articles either discuss cybersecurity incidents and regulatory actions concerning other technology companies (Avaya, Check Point, Mimecast, Unisys), provide general industry cybersecurity trends, or outline a privacy policy for an unrelated website (Icahn Blog LLC).

Summaries of IEP.US's 10-K filings explicitly state a lack of quantitative data for cybersecurity metrics, budget allocations, breach frequency, training effectiveness, encryption methods, security testing details, AI/algorithm audits, algorithmic transparency, data minimization practices, or regulatory actions related to cybersecurity for IEP.US.

Zero Waste & Sustainable Products

No specific quantitative data related to waste diversion rates, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design principles, waste reduction initiatives, hazardous waste management, product durability, repairability scores, waste audit frequency, zero waste certifications, waste disposal violations, material efficiency, packaging-to-product ratios, waste reduction targets, supplier waste requirements, or customer waste education is provided across the articles.

While one article mentions that IPG is incorporating post-consumer recycled materials (PCR) into its product lines, working with suppliers, and educating customers to support the circular economy, these statements lack the specific, measurable data required to assess performance against the defined KPIs.