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Mergers News

Icahn to start blog on corporate governance ideas

NEW YORK, Feb 5 (Reuters) - Billionaire investor Carl Ichan on Tuesday said he is establishing a blog to discuss ideas on corporate governance, an area in which he has strong opinions.

“This country is losing its economic hegemony,” Icahn said at a corporate governance conference in New York. “I want to see who is interested in this. I really think there’s a lot to do.”

The blog, whose URL is www.icahnreports.com, will be a forum where readers can respond or present ideas and Icahn will respond.

He said it won’t be to discuss investment ideas necessarily but mainly about corporate governance. It won’t discuss companies in which he has stock.

The 71-year-old investor has a long history of agitating for change at companies and said he believes that many companies are mismanaged.

“With some exceptions, boards really are not doing their job in this country,” he said.

Icahn also said he is supporting John McCain for president because he thinks the government is too large. He specifically said he’s opposing Hillary Clinton because she represents big government spending programs like health care. (Reporting by Dane Hamilton)

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