Carl Icahn has just said this on CNBC: “The system is breaking down”. He further stated that we have poor corporate leadership in this country.
“You say, ‘So what?’ I’ll tell you why so what.” There is a moral component, he said, then referenced the corporate leaders who are out partying and giving themselves bonuses.
He further stated that there are people running these companies who shouldn’t be there. “Illumina is a good example of what’s wrong with corporate America.”
More later
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