During his recent interview with CNBC, Carl Icahn explains why leadership in U.S corporations is worse than mediocre. Here’s an excerpt from the interview:
Icahn: I don’t think it’s the last few days necessarily, I think we have some major problems in our economy.
Maybe they’ll be fixed, but you just look at many, many factors. We’ve been on a spending spree. The rising tide lifts all ships but a lot of people in our economy are not doing well, obviously.
The net worth of the median household is nothing basically and you just look at what is going on.
I think Powell really has to raise interest rates. I can’t talk about next week or even next month, but inflation is the worst thing an economy can have. And I think people underrate that.
If you look in history, every hegemony has been destroyed by inflation, or almost every one. Just go back to Rome that’s what happens. And one of our major problems I think in this economy right now is there is no leadership on the corporate level.
Forget politically, I’m not going to get into politics, but I think you do feel that in Washington nobody knows what’s really going on.
But forgetting that, in our corporations, I lived with that all my life basically and companies today really have… with many exceptions, many, many exceptions, leadership is worse than mediocre.
And that’s why we are so successful, not because we’re geniuses. But because you go into a company today, that’s what we have done over and over and over again. And it’s really horrible what you find in many of them.
You can watch the entire discussion here:
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