- Aug 20
Icahn exits as Trump adviser ahead of New Yorker story
Mark Lennihan / AP
Carl Icahn's resignation Friday from an unpaid post as Trump's adviser on deregulation was because he knew The New Yorker was about to drop a deep piece of reporting about him, according to AP:
- "[T]he magazine points out potential conflicts and even possible criminal law violations involving obscure rules that require oil refineries to blend ethanol into gasoline."
- And Icahn resigned after the White House had already disavowed him to The New Yorker. "[T]here was never a formal appointment."
Here's the juicy New Yorker piece, "Trump's Favorite Tycoon ... Carl Icahn's Failed Raid on Washington," by staff writer Patrick Radden Keefe:
- "Icahn is worth more than the Trump family and all the members of the Cabinet combined — and, with no constraint on his license to counsel the President on regulations that might help his businesses, he was poised to become much richer."
- "In conversations with me, financiers who have worked with Icahn described his appointment as a kind of corporate raid on Washington. One said, 'It's the cheapest takeover Carl's ever done.'"
- "In our conversations, Icahn was unfailingly polite about President Trump. But it struck me that it must vex him that Trump — the lesser intellect, the lesser businessman, the little-brother tagalong — may now be too busy to take his phone calls."
- This is a great sentence: "Trump may want to govern like a businessman. But Washington is a club like any other, with some codes and protocols that even the brashest arrivistes cannot ignore."
- The whole thing is worthy of your time.