Icahn isn't paying the shareholders as much as he's paying himself with the special payout. The guy is a 'raider'. I'd be VERY wary of where this stock price goes after the 5.50. And if people pile in beforehand and running the price up II wouldn't be surprised if he's selling a ton of shares.
of course he gets more ,but it is at the same rate that you get. do the math: you get 5.50/sh FOR EACH SHARE. Icahn happens to have more shares than you or I. Maybe he is smarter than we are?
As an old friend said,"Are you happy with what you get? Or would you prefer LESS?"