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Judi Lynn

(160,588 posts) Fri Aug 18, 2017, 05:53 PM Aug 2017

Carl Icahn steps down as adviser to President Trump

Source: Reuters

AUGUST 18, 2017 / 4:18 PM / 9 MINUTES AGO
Trevor Hunnicutt

(Reuters) - Billionaire investor Carl Icahn on Friday ended his role as a special adviser to U.S. President Donald Trump after facing criticism that his recommendations on policy could help his own investments.

Some Democratic lawmakers and biofuels advocates have argued that Icahn's policy recommendations to the Republican administration create a conflict of interest with his businesses, including oil refining company CVR Energy Inc (CVI.N). Icahn has denied any conflict of interest.

"I chose to end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration," Icahn wrote in a letter to Trump released on his website.

Icahn's departure comes after a flurry of changes at the White House. Trump on Friday fired his chief strategist Stephen Bannon, two days after disbanding two high-profile business advisory groups.

Read more: http://www.reuters.com/article/us-usa-trump-icahn-idUSKCN1AY2ER?rpc=401&

(Short article, no more at link.)

6 replies

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Highlight:

Carl Icahn steps down as adviser to President Trump (Original Post) Judi Lynn Aug 2017 OP

Here are Icahn's Tweets and LETTER Honeycombe8 Aug 2017 #1

You mean the Icahn who said trump is a consensus builder, and it is ridculus to call trump a racist? still_one Aug 2017 #2

"Cloud your administration" SonofDonald Aug 2017 #3

Biggest oxymoron in the history of the world Danmel Aug 2017 #4

The same Carl Icahn who bailed Drumpf out of his Taj Mahal bankruptcy? BumRushDaShow Aug 2017 #5

Joy Reid is letting him have it with her sarcasm. BigmanPigman Aug 2017 #6

Honeycombe8

(37,648 posts)

1. Here are Icahn's Tweets and LETTER

Reply to Judi Lynn (Original post)

Fri Aug 18, 2017, 06:02 PM

Aug 2017

Link to tweet

?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.thestreet.com%2Fstory%2F14277539%2F1%2Fbillionaire-investor-carl-icahn-quits-as-adviser-to-trump.html

Link to tweet

?ref_src=twsrc%5Etfw&ref_url=https%3A%2F%2Fwww.thestreet.com%2Fstory%2F14277539%2F1%2Fbillionaire-investor-carl-icahn-quits-as-adviser-to-trump.html

http://carlicahn.com/carl-icahn-issues-statement/

I never had a formal position with your administration nor a policymaking role. And contrary to the insinuations of a handful of your Democratic critics, I never had access to nonpublic information or profited from my position, nor do I believe that my role presented conflicts of interest. Indeed, out of an abundance of caution, the only issues I ever discussed with you were broad matters of policy affecting the refining industry. I never sought any special benefit for any company with which I have been involved, and have only expressed views that I believed would benefit the refining industry as a whole.

Nevertheless, I chose to end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration or Ms. Rao’s important work. While I do not know Ms. Rao and played no part in her appointment, I am confident based on what I’ve read of her accomplishments that she is the right person for this important job.

still_one

(92,304 posts)

2. You mean the Icahn who said trump is a consensus builder, and it is ridculus to call trump a racist?

Reply to Judi Lynn (Original post)

Fri Aug 18, 2017, 06:04 PM

Aug 2017

SonofDonald

(2,050 posts)

3. "Cloud your administration"

Reply to Judi Lynn (Original post)

Fri Aug 18, 2017, 06:19 PM

Aug 2017

WTF?, and this guy is a billionaire?, either he doesn't watch the news very often or he's just trying to keep the fallacy of a competent administration alive.

It's obvious what the answer is.

They must really think 45's fans are that stupid, and he's right.

They are that stupid.