News Column

CARL Icahn lived up to

August 13, 2014


CARL Icahn lived up to his name yesterday, posting a rather selfaggrandising blog on Yahoo finance, extolling the virtues of shareholder activism, well, particularly his own shareholder activism. "With exceptions, I believe that too many companies in this country are terribly run and there's no system in place to hold the CEOs and Boards of these inadequately managed companies accountable," his post goes. Who can stop this? Yes, you guessed it, activist shareholders. He even goes on to publish a graph showing how much money investors would have made if they'd put money into companies where Icahn has or had someone on the board. If anyone can do it, Icahn can.

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Source: City A.M. (UK)

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