Accessibility links

Breaking News

Billionaire Icahn Steps Down as Trump Adviser


FILE - Financier Carl Icahn is pictured at the annual New York City Police Foundation Gala, March 16, 2010.
FILE - Financier Carl Icahn is pictured at the annual New York City Police Foundation Gala, March 16, 2010.

Billionaire investor Carl Icahn on Friday ended his role as a special adviser to U.S. President Donald Trump after facing criticism that his recommendations on policy could help his own investments.

Some Democratic lawmakers and biofuels advocates had argued that Icahn's policy recommendations to the Republican administration created a conflict of interest with his businesses, including oil refining company CVR Energy Inc.

Icahn denied any conflict of interest.

"I chose to end this arrangement (with your blessing) because I did not want partisan bickering about my role to in any way cloud your administration," Icahn wrote in a letter to Trump released on his website.

Icahn's departure came after a flurry of changes at the White House. Trump on Friday fired his chief strategist Stephen Bannon, two days after disbanding two high-profile business advisory groups.

  • 16x9 Image

    Reuters

    Reuters is a news agency founded in 1851 and owned by the Thomson Reuters Corporation based in Toronto, Canada. One of the world's largest wire services, it provides financial news as well as international coverage in over 16 languages to more than 1000 newspapers and 750 broadcasters around the globe.

XS
SM
MD
LG