A Symptom of Broken Corporate Governance and Inflation Threatening the US Economy

Legendary investor Carl Icahn recently sounded the alarm on the state of the US economy, citing the dangers of record inflation and a renewed banking crisis. He specifically pointed to poor corporate governance as a major contributor to the current economic woes.

Icahn’s main concerns revolve around two key issues: inflation and the state of corporate governance in the US. He states that inflation is “the worst thing an economy can have,” and warns that it has historically been the downfall of hegemonies, such as Rome. He urges the Federal Reserve to raise interest rates to combat inflation, as he believes that failing to do so could lead to irreparable damage.

https://twitter.com/RedStateWatch/status/1635769433665961986

In addition to inflation, Icahn cites poor corporate governance as another significant problem facing the US economy. He argues that a lack of strong leadership at the corporate level is contributing to the current economic issues, stating that “leadership is worse than mediocre” and that “the U.S. is one of the worst countries in the world as far as corporate governance goes.”