Carl Icahn: Janet Yellen and BlackRock's Larry Fink are Pushing Us Over a Cliff

Equities Editors Desk |

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
BLK BlackRock Inc. 340.15 -1.39 -0.41 1,149,806


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