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Carl Icahn Defends His Holdings Amid Trump Advisory Role

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Carl Icahn Defends His Holdings Amid Trump Advisory Role
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Weekly Market Notes - November 20, 2017 (Seeking Alpha)

Carl Icahn was tapped by President-elect Donald Trump to serve as an adviser.

As one of Wall Street's most notable and successful investors, Icahn certainly has a lot to contribute. His inside knowledge of how businesses can operate more efficiently and productively can be leveraged on the national stage through the implementation of more business friendly policies.

Icahn will also advise Trump on other aspects of government, potentially including future appointees to his cabinet.

CNBC's Scott Wapner asked Icahn why the American public shouldn't be concerned that a major shareholder of a company like CVR Energy, Inc. (NYSE: CVI) helps advise the president on issues that directly affect the refining industry.

"I could understand saying that I shouldn't be involved in owning these [companies] if I were making policy," Icahn argued. "I'm not making any policy - I give my opinion. And I think I'm good at that."

Icahn continued that the bigger issue at hand is the lack of corporate investments because many corporations feel they are battling a "war" against the government. This perception can't be changed until a new government comes in and "cleans this mess up."

Icahn added that as corny as it sounds, he feels now is the time to give something back to the country that gave him the opportunity to come from a humble middle class family to become a multi-billionaire.

Posted-In: Carl Icahn Donald Trump Scott Wapner Wall StreetCNBC Politics Media General

 

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