Investor Carl Icahn has launched his own blog where he lashes out against current U.S. coprorate structures, useless board meetings and CEOs who expense tehir trips to golf courses on the others ide of the globe.

"Many American corporations are dysfunctional because corporate democracy is a myth in the United States. They run like a decaying socialistic state. Our boards and CEOs exist in a symbiotic relationship where the boards nourish the CEO with massive stock options that are re-priced downward if the companies stock declines - making them forever valuable," he writes.

We can't help but thinking that Icahn has Yahoo in mind, especially when he claims that "the lack of competent leadership makes our companies less competitive day by day", "many corporate boards and managers are doing an abysmal job" and that "board meetings are often a complete travesty."

According to Icahn, the current financial crisis can be traced back to the fact that there "is no leadership in the executive suite." He believe sthat the only way to solve this issue to introduce "true elections" into corporate America. "It is tyranny parading as democracy. It’s a poison running through the blood of corporate America. Perhaps, with enough public support, the lawmakers and regulators will take note," he wrote.