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Corporate Governance

: The Icahn Report

Thanks for the Support

By Carl Icahn

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Thank you for your comments. I am impressed that so many people support this cause. I appreciate the readership and will do my best to expose the worst of corporate America. One emailer wrote he would like to be "a fly on the wall in a boardroom." I answer: In most cases, you probably wouldn?t like it if you owned shares in that company, unless you enjoy feeling uneasy about your investments. Another emailer wrote "Please continue to do what the markets demand and require, so that no CEO or board member has the ability to take advantage of the shareholders, company inefficiencies or America's capitalistic approach to financial success." I answer: Often the abuse of shareholders by entrenched management and self perpetuating boards is intolerable.  It destroys shareholder value and our economic hegemony. I will continue to fight against these destructive forces which are a great threat against our ability to compete in today?s global economy. With this blog I hope to provide all shareholders with a full understanding of these matters and build a grass roots movement to stand for real corporate democracy.  I believe that it is extremely important for shareholders, the true owners of our companies, to let our elected representatives in Washington know how strongly we feel about the corporate abuses in America and the deleterious effects they are having on our economy. Please subscribe.

Full post as published by The Icahn Report on June 12, 2008 (boomark / email).

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