Opinion | Let Proxy Advisers Do Their Work

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Opinion | Let Proxy Advisers Do Their Work
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From WSJopinion: The SEC should rethink its new guidance on proxy advisory firms, writes Carl_C_Icahn

Over decades, my companies created hundreds of billions of dollars of value for shareholders by guiding boards and chief executives through the steps necessary to increase the value of their companies.

Holding boards and CEOs accountable—and replacing them when necessary—improves the economy, makes companies more competitive, increases employment, and adds to shareholder value. Disasters like Enron, WorldCom and Tyco are much less likely when investors can subject CEOs and boards to scrutiny.

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