“I sit on a lot of boards. I don’t have to watch Saturday Night Live anymore, I just sit at the board meetings. And I will tell you that its’ a sad commentary that we have an inability to compete. You can blame unions to some extent. But the real problems is that boards – there’s symbiotic relationship between boards and CEOs today. And as a result, … there is no way to hold these guys accountable except [when] somebody like myself comes along or some other person who is really willed to challenge them. But you have to go through contortions. There is no corporate democracy.”

-Carl Icahn