1. Carl Icahn Criticizes SEC Proxy Overhaul as 'Big Step Backward'

    Carl Icahn Criticizes SEC Proxy Overhaul as 'Big Step Backward'

    Carl Icahn is escalating his attacks on a U.S. Securities and Exchange Commission plan that he warns will make it harder for shareholders to hold companies accountable for poor performance. In a Feb. 7 letter to the SEC, the 83-year-old activist investor called a proposed overhaul of shareholder voting rules "a big step backward" for corporate governance...

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    1. Companies spend a fortune to protect the status quo.
    2. It's very hard, very expensive for someone to go in and try to fight them.
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