Icahn: Ackman Trying To Change Things For Better

Icahn Enterprises LP (NASDAQ:IEP)’s Carl Icahn says Bill Ackman is “right up there” in trying to change what’s going on in American business.

Icahn: Ackman Trying To Change Things For Better

Seth Klarman’s Collective Wisdom: Risk Analysis Is The Key To Investment Success

Please note this article is based on publicly available information, however ValueWalk just received Baupost's 2018 letter moments ago and will have exclusive coverage shortly. Seth Klarman is widely regarded as one of the best value investors the world has ever seen. Over the past few decades, his hedge fund, the Boston-based Baupost, has achieved Read More


Transcript:

well, you know, he called my office, and he just said, tell carl i forgive him. you know, you can say i have a fighting gene, maybe i do, but i don’t enjoy grudge fights. i don’t enjoy gratuitous fights. i fight to get something accomplished. my fighting with ackman is really sort of gratuitous fight at this point. he called up and he said that. then i called back and said, you know, to forgive is blessed, sort of laughed and i said, i forgive you. then we got talking about what i think are more important items about corporate governance. i think it’s so important in this country to change what’s going on. this whole arena. i will say bill ackman is right up there in trying to change it. the guys that i think are responsible for it, i don’t think they’re bad people, but, you know, they also have their agendas like marty lipman that gets tremendous ease from these guys he tries to keep in trench. he’s not a bad person. it’s the old thing the enemy of my enemy is my friend. i don’t need the money anymore. i’m doing this and i know maybe it sounds corny to you because i really think that this country could still be as great as germany. i grew up on the streets of queens and it’s done aiate thing for me and i’m trying to — i think my legacy is to try to change the situation. i don’t give a damn too much who like mess or doesn’t like me as i’m doing it. i guess warren is a little right about that. if i really cared about being in the social order or being in the establishment, you know, i wouldn’t do what i do.