Carl Icahn: The New Gordon Gekko

Listening to Henry Blodget talk about the influence and impact of corporate greed is like sitting through a lecture on marriage faithfulness by Bill Clinton.

Ichan did not rune TWA, TransWorld Corp. did. TWA was killed when during regulation instead of building an airline, Transworld bought Hilton Hotels, Avis, Hardees etc with the profits of the airline. When deregulation hit Transworld spun TWA off to survive on its own without adequate cash. In order to spin the airline off Transworld gave the unions contracts even they were suprised with as a bribe. The airline failed to compete and Lorenzo almost bought them but the unions then went to Ichan and begged him to buy it to keep it from Lorenzo. I also thought the "White Knight" character in the movie Wall Street was modeled after Ichan at the time because he was thought to have rescued TWA from Lorenzo who was supposed to be who Gordan Gekko was modeled after.

Get BLODGET off your site Yahoo. What a disgrace that you stoop to such levels. This guy's greed cost so many people so much money. Until he repays all of them he shouldn't have a voice.

99% of wallstreet is made up of white collar crime. People like corruption Especially if it is profitable.

What's the big deal with this Blodget guy? Why doesn't anybody like him?

capitalism survives because of greed... we are all profit-oriented or greedy, aren't we?

Well "liftoff", not only would I sell my mother to make a profit I'd send a COD-remember that line. Just to let you know "Wall Street" is spelled as two words and with two ll's, ok. Great that you offer your insight but pick on other posters just isn't kosher, on top of that you can't spell a simple word. Get a dictonary before going on a rant, and then people will actually listen. If you don't like what you're in you can always leave, that's the beauty of capitalism-oh yea! 8-)

(1) I think that gesticulating with the hands while talking may be a communicable disease. I've watched a number of videos in which Henry Blodget can't get through a sentence without raking the air with his claw-like fingers and I think lately Aaron Task has begun to show signs that he may have already spent so much time sitting hip by hip with Blodget that he has caught the illness. (2) The original classic tome of free market capitalism was "The Wealth of Nations" by Adam Smith. Smith used the metaphor of "an invisible hand" that guided the success of this system. That invisible hand was the process of allowing for the expression of personal self interest or... greed. Of course, that word has taken on so much pejorative interpretation from moralists that it's hard to defend, but... let's face it - it is at the heart of the capitalist system that has created the wealth of nations. Smith is also known for his explanation of how rational self-interest and competition can lead to economic well-being and prosperity.

Caveat Emptor!