Thursday, June 28, 2007

Carl Icahn's theory on Management

Billionaire Carl Icahn was interviewed after the Deal and Deal Makers Conference at the NYSE and here's what he says -

“There are few companies I can’t go in to today and save 30%. A lot of companies are very wasteful.” (Call it the Seinfeld theory of management, after the sit-com famous for being about nothing.)

He is not a big fan of the U.S CEOs, it is quite obvious. However he still had a few good things to say about Motorola where he was denied the right to get on the board after many futile attempts earlier this year. Against many voices that we've heard off late on the PE market, he still predicts that private equity and LBO has peaked.

Watch his interview here -



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