Corporate raider Carl C. Icahn is likely...

Corporate raider Carl C. Icahn is likely to wait awhile before he cashes in his Texaco Inc. stock. The beleaguered oil giant’s largest shareholder and most vocal critic is just days away from being able to sell his roughly 36 million shares. But will he? Texaco stock traded at just over $45 a share. At that price, Icahn has a paper profit of about $410 million, based on his average purchase price of $34 a share. Speaking from his new offices in Mount Kisco, N.Y., Icahn said that “at this point we haven’t made any decision yet” about the 14.8% Texaco stake. Under the “short-swing” profit rule, a holder of more than 5% of a company’s stock must keep those shares for at least six months, otherwise any profits revert back to the company. That period ends Wednesday for Icahn.