1. Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

    Carl Icahn Urges U.S. SEC to 'rethink' Proposed Rule Change for Proxy Advisers

    Billionaire activist investor Carl Icahn on Monday urged the U.S. Securities Exchange Commission (SEC) to rethink a proposed rule change for proxy adviser firms, saying it would make activist investing "even more difficult and expensive to practice." The SEC earlier this month put forward new rules that would require proxy adviser firms to give companies a chance to review proxy materials before they are sent to shareholders...

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    1. I believe the current proposal - which would subject proxy advisory firms to onerous regulations - is a dangerous misstep that will have disastrous repercussions for the U.S. economy.
    2. This odd arrangement would allow corporations to interfere with advisers' research - a recipe for disaster.
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