Carl Icahn Launches Blog; Says Nothing Interesting

Kevin Maney gawks: So Carl Icahn has been writing his blog for about a week now, and so far he's ranted about poison pills, staggered boards, the fact that, according to him, all CEOs are little weaselly characters who are mostly good at surviving,  and the fact that corporations are not democracies. Now THERE is a revelation.

Nothing he's written is specifically about anything he's trying to do at any particular company. It's like this is the philosophy of Carl -- as if we cared. Everything in the blog drips with disdain for corporate America. He writes: "But let's face it, many domestic companies are experiencing massive losses of assets and huge declines in stock market value, often due to the failure of top management. Someone needs to demand that directors' act responsibly namely in the selection and supervision of management." It seems that Carl must be the only one acting responsibly around here. Without him, we'd be lost!

It's a weird job description, this Carl Icahn has. Most people try to find companies that are growing and buy those stocks. Carl buys stocks in companies that are having trouble, and then tries to force the company to change so the stock will go up and he'll make millions, and he sheaths it all in a canard that he's doing it for us -- we poor slobs who are stuck holding stocks of crummy companies.

No wonder he thinks we want to read his philosophy, considering we are so indebted to him.