What Carl Icahn doesn't get about regulations

This corporate raider shouldn't be slashing government

Carl Icahn could begin slashing regulations.
(Image credit: AP Photo/Mark Lennihan)

On Wednesday, Wall Street legend Carl Icahn was picked as a "special advisor on regulatory reform" to President-elect Donald Trump.

Critics were quick to pounce. The 80-year-old activist investor (or corporate raider, depending on who you ask) is yet another billionaire plutocrat on Trump's team. Nor will Icahn have to divest his holdings, though he'll have huge influence over regulations that govern the industries he's invested in.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.