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Hedge Fund Manager Carl Icahn Accepts Trump’s Offer for Secretary of Treasury
Donald Trump managed to impress many people during the GOP presidential debate on Thursday.
Among these people that seem to keep Mr. Trump among top candidates for the most vetted White House position, Carl Icahn, hedge fund manager, twitted:
“After last night’s debate I decided to accept @realDonaldTrump offer for Secretary of Treasury”.
Donald Trump, hopeful that he will emerge as the winner in the final presidential run, proposed to Carl Icahn that he becomes Secretary of Treasury. The 70-year old hedge fund manager promptly refused at the time.
Now, in a surprising turnaround, Mr. Icahn is convinced that Donald Trump is ‘a breath of fresh air’:
“Seriously, the methods of electing our corporate and political leaders have become completely dysfunctional.. ..In both areas, we are in dire need of a breath of fresh air”.
After announcing his candidacy on the GOP lists, Donald Trump saw an astonishing increase in polls, overturning many of the hopeful Republican candidates. It remains to be seen what further developments in the political arena bring. For now, Mr. Trump is picking the laurels of his surge in popularity among American voters.
As to how Carl Icahn would be of help to his Donald Trump, it’s still a haze. None of the two billionaires laid out any specifics. Mr. Trump made no mention of an economic plan, however, boasting his business success and expertise, he did comment that as president, he could ‘straighten out’ the national debt and develop employment.
Carl Icahn isn’t Donald Trump’s only choice. In a televised appearance, he also mentioned Jack Welch, General Electric Co. CEO and private equity big-name Henry Kravis. Still, in another television appearance, Mr. Trump commented that Carl Icahn is perfectly fit to conduct negotiations with Japan and China.
Currently, Icahn Enterprises stock experienced a 17 percent fall this year, after having already lost 30 percent during 2014. As an activist investor, instrumental for instance to Apple and eBay, Carl Icahn is under a lot of fire recently, as well as other activists in the branch.
Criticism brought to Mr. Icahn revolves around too much emphasis and pressure on short-term goals meant to result in quick turnouts for investors, while long-term goals such as investments in products and workforce are pushed to the back.
Photo Credits: timebusinessblog.com
