According to The Wall Street Journal, Icahn said, "The site would feature reports written or directed by him taking shots at things shareholders should find objectionable, such as excessive compensation or fancy perks amid poor performance." What, between berating CEOs and 24-hour scheming, Icahn doesn't have enough time to write everything himself? A little writing advice, don't use profanities. That got Sam Zell into trouble this week. And does this mean Icahn won't spend as much time hectoring folks on the phone between midnight and dawn?
Additionally, the Journal noted, "He said he will focus the reports on companies he doesn't own shares in for legal reasons unless he's openly targeting them for change." So, unlike Cuban, who actively writes about companies he's invested in, Icahn isn't looking to cause trouble with the SEC, just with directors and senior management who no doubt will be clicking through every day to see what's on his mind. Whether Icahn can ever convince readers that everything he writes is not squarely in his own self-interest is another question entirely. - Matthew Wurtzel
See story from The Wall Street Journal (subscription required)
See story about Icahn speech at the RiskMetrics' 2008 Corporate Governance Conference from TheDeal.com
See Dealscape: Sam Zell brings new meaning to the term 'corporate pirate'
Move over 
