Carl Icahn

Carl Icahn, chairman of Icahn Enterprises, says he cannot forecast when a bear market is likely due to numerous factors. However, he claims that it’s clear that the Federal Reserve and government can’t continue to hand out cash. Bloomberg’s Erik Schatzker interviews him.

The US economy’s struggles with rising inflation could be due to the poor leadership of “terrible” CEOs at large firms, as per billionaire activist and investor Carl Icahn.

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Icahn, 86years old, hit out at bosses who are not good before the premiere of the HBO documentary “Icahn: The Billionaire Who Never Sleeps.” With a series of tweets, the infamous financier aimed alleged corporate mismanagement that, he said, caused instability and stopped the economy from fully achieving its potential.

He didn’t elaborate on exactly how bad CEOs had fueled inflation, aside from claiming that companies weren’t functioning efficiently because of their bad decisions.

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By Vil Joe

A writer and editor based out of San Francisco, Vil has worked for The Wirecutter, PCWorld, MaximumPC and TechHive. Her work has also appeared on InfoWorld, MacWorld, Details, Apartment Therapy and Broke-Ass Stuart. In her spare time, she takes too many pictures of her cats, watches too much CSI and obsesses over her bullet journal.

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