Thursday, December 22, 2016

Carl Icahn is an advisor to Trump on the reform of the regulation of the federal – Jornal de Negócios – Portugal

The famous manager and investor Carl Icahn (photo) was named by Donald Trump as his special adviser to help reform the federal regulations – and reverse even some of them – so that business growth is promoted.

“your help, in regards to the regulations that choke our country, will be invaluable,” said the next resident of the White House in a statement quoted by Bloomberg on Wednesday, 21 December.

Icahn, known also by his defense as a staunch Herbalife – a arm-of-iron with the CEO of the fund of hedge Pershing Square, Bill Ackman, who accuses the company of nutritional supplements operate a scheme pyramidal – revealed in September last year and his support to Trump and came to be spoken of as one of the possible names for secretary of the Treasury of the Administration of republican.

investors are convinced that the policies of the Administration Trump will encourage the economic growth, which has excited in the stock exchange, sectors that are perceived as the biggest beneficiaries of this scenario, supporting strongly the bonds of industrial, pharmaceutical and banking.

the banks and The pharmaceutical are benefiting from the expectation that the new american president and Congress – controlled by republicans – to reverse some of the regulations more cumbersome for these sectors. On the 21st of November, Trump has come to say, when he presented his programme for the first 100 days in the White House, that would reduce regulations, corporate.

Icahn, with a fortune valued at $ 20 billion, is the 20th richest man in the United States, according to the Index of Billionaires of Bloomberg.

The investor holds positions in the share capital of many companies, in sectors ranging from biotechnology to energy, passing through metals, accessories, cars, casinos, telecommunications, real estate, and railway carriages.

These holdings may constitute a problem, as a matter of incompatibility with his new functions. Indeed, Eric Walker, spokesman for the National Committee Democrat, has already reacted to this appointment, criticizing the conflict of interest generated by Icahn to have in charge the responsibility of overseeing the regulatory reforms, at the same time that it holds – and, in some cases, controls – companies that could benefit from the changes that he has come to do.

Trump, on the other hand, has sold all of its equity shareholders. Indeed, in the past the day 7 of December, a spokesman for the republican, Jason Miller, said that in June of this year, Donald Trump has got rid of all of the positions of the shareholders, which held.

So, after the August 2, Trump said in an interview with Fox Business that no longer held any shares of the companies, Miller has confirmed this month, quoted by Bloomberg, the mogul of real estate had sold everything in June.

Trump got rid of the equity stakes held in the capital of nearly 100 companies, such as Apple, Microsoft, Exxon Mobil, Ford Motor, Citigroup, Pepsi, General Electric and Boeing – and whose value amounted to 38 million dollars – reported to Bloomberg and CNN.

(news updated at 00:11, Thursday, 22 December)

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