For Immediate Release

Organization Profile: 

Phone: 202-588-1000

Corporate Predator Carl Icahn Threatens More Job-Killing Deregulatory Disasters

Statement of Robert Weissman, President, Public Citizen

WASHINGTON - President-elect Donald Trump has picked billionaire investor Carl Icahn to be special adviser on regulatory affairs. According to press reports, he will be advising the president in his individual capacity and will not be serving as a federal employee.

Statement of Robert Weissman, President, Public Citizen:

Donald Trump has selected a man who epitomizes predatory corporate capitalism to lead his deregulatory charge. In accepting the designation, Icahn cites fanciful and false claims about the cost of regulation, while failing to acknowledge regulatory benefits, which include preventing consumer rip-offs, protecting the air and water, making our food and water safer, and much more.

It’s precious to hear talk about protecting jobs from the corporate raider famous for actions that cost thousands of workers their jobs.

If Carl Icahn is going to advise Trump on regulation, he would do well to revisit how Wall Street deregulation led directly to the 2008 financial crash and the Great Recession. These are facts he must know well from personal experience, and which show how regulation is vital to limit corporate abuses, ensure financial stability and preserve jobs.


This is the world we live in. This is the world we cover.

Because of people like you, another world is possible. There are many battles to be won, but we will battle them together—all of us. Common Dreams is not your normal news site. We don't survive on clicks. We don't want advertising dollars. We want the world to be a better place. But we can't do it alone. It doesn't work that way. We need you. If you can help today—because every gift of every size matters—please do. Without Your Support We Won't Exist.

Please select a donation method:

Public Citizen is a national, nonprofit consumer advocacy organization founded in 1971 to represent consumer interests in Congress, the executive branch and the courts.

Share This Article