Icahn told Reuters on Wednesday that The Icahn Report is finally going live — “in a week or two” — with its founder’s famously strong opinions about corporate governance and the individual companies that fail to live up to his standards.
“I think the time has finally come when people are starting to focus on the many abuses in a number of companies in corporate America and the damage they do,” the 71-year-old financier and hedge fund operator said.
The blog will arrive in the wake of Icahn’s successful, highly publicized demands for change in companies including Motorola Inc and Time Warner Inc , both of which ultimately gave in to his demands that they change leadership and spin off major divisions. He also was instrumental in clearing roadblocks in Oracle Corp’s $8.5 billion bid to acquire BEA Systems.
Not all of Icahn’s investments work out, however, notably real estate developer WCI Communities Inc , whose shares have collapsed over the past year as the high-end condominium market dried up. Icahn is WCI’s largest shareholder, with 4.8 million shares, according to regulatory filings.