Icahn Explains: Why Are There So Many Idiots Running Shit?
'Portfolio' shares the Ichan theory, which he shared yesterday at the World Business Forum, to a room of 750 CEOs. Brilliant and ballsy!
Many college kids seek refuge in their fraternities or clubs (when Icahn tells it, "sorority" is conspicuously omitted) for a friendly face. Without fail, the president of the club, who never seems to open a book, is there to cheer them up. He's a nice and friendly guy, the kind of guy you want around to make you feel better with a beer or a game of pool.Not surprisingly, that guy goes into business. He's never the smartest guy in the room, but he's likable and he's a survivor. He moves up the corporate ladder, without a single original idea that might make his boss feel threatened by his potential.
Eventually, he gets to be the #2 guy at the company. He's a little dumber than the C.E.O., but the board likes him, so he eventually gets to be C.E.O.
Of course, he assigns a #2 who is a little dumber than he is. "And eventually, we're going to have all morons running our companies," Icahn concluded. "We might not be that far off from that right now."
How Did THIS Guy Get in Charge? [Portfolio]
Comments
Ann Coulter bookaky above and a douchebag story below but no comment on Icahn's "theory". Hmmm, interesting.
Posted by: Anonymous | October 12, 2007 05:16 PM
Icahn's the man. You shoulda seen the time I took him out on the boat, dude, he is definitely not full of shit trust me. Guy is legit.
Posted by: Captain Stabbin | October 12, 2007 05:47 PM
Dude speaks the truth.
Posted by: LippyTex | October 12, 2007 05:48 PM
You said: "Without fail, the president of the club, who never seems to open a book, is there to cheer them up. "
I say: Or he makes hard decisions to save everyone's ass, ends up hated, and without friends.
Too bad I can't get a damn call back to save my student loans.
Posted by: ex-president | October 12, 2007 06:21 PM
sae nigga
Posted by: Anonymous | October 13, 2007 03:42 AM
Phi alpha, yo!
Posted by: minerva | October 13, 2007 08:22 PM
Dude speaks the truth! Networking. Who you know.
Posted by: StockKevin | October 14, 2007 08:03 PM
Both "Dude" Icahn and you commenters just prove the point I made many moons ago. Nerds.
Posted by: The Epicurean Dealmaker | October 15, 2007 11:08 AM
Does anyone remember that this guy ran TWA straight into the ground?
He is a clown and a total jackass.
Posted by: EX Pres. | October 15, 2007 12:03 PM
Yeah, George W. was that guy. Always with a drink in his hand, and always
with some dumb-ass joke to cheer you up after that damn economics final.
After he graduated, Yale shut down the DKE house, but you can still see it.
There should be a sign, or something, "George W. Bush puked here."
Posted by: Dumbest Guy at the DEKE House | October 15, 2007 01:52 PM
Yeah, George W. was that guy. Always with a drink in his hand, and always
with some dumb-ass joke to cheer you up after that damn economics final.
After he graduated, Yale shut down the DKE house, but you can still see it.
There should be a sign, or something, "George W. Bush puked here."
Posted by: Dumbest Guy at the DEKE House | October 15, 2007 01:53 PM