That was fun.
Carl Icahn was slated to debate with Larry Fink, CEO of BlackRock, Inc. (BLK), Wednesday at CNBC's Deliving Alpha conference on the topic of activist investing. As always, any media appearance by Icahn is appointment viewing at this point, and this did not fail to live up to expectations. Icahn flipped the script on Fink and moderator Scott Wapner by deftly changing the topic from the pros and cons of activist shareholders to focus on the dangers that ETFs create in the capital markets, especially when it comes to high yields. This obviously put Fink on the defensive, and Icahn–though cordial in demeanor–landed some absolute haymakers. Here are a few clips via CNBC.
Cahn calls BlackRock a dangerous company as Fink tries to maintain his composure.
Icahn's got jokes.
Fink on the the role of activist investors.
Fink the response of his letter to CEOs regarding activist investors.
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