CNBC/Getty Images Contributor
- Shares in Carl Icahn's firm Icahn Enterprises plunged 30% Friday.
- Those losses came after it said it would halve the amount it pays out to shareholders.
- The activist investor came under fire from famed short-seller Hindenburg Research earlier this year.
Embattled activist Carl Icahn's nightmarish 2023 continued Friday as shares in his investment firm suffered a sharp sell-off.
Icahn Enterprises' stock price tumbled 30% at the opening bell after the company said it would halve its payout to shareholders from $2 per depositary unit to $1 per depositary unit.
The billionaire investor also pledged to rethink the firm's strategies, focusing more on activism and less on short-selling.