Billionaire investor Carl Icahn said he aims to help plant activist funds by backing new activist investors.
"Activists are so important, and there are bright young guys who need backing for that," he said in an Interview with CNBC's David Faber. Activist investors need staying power and a "fairly good bankroll," he added.
When pressed to say how much he'd like to invest in seeding new activist funds, he said, "We have so much cash around.... Even if we invested $1 billion, or $100 million, it would be extremely immaterial."
Icahn went on to say activist investors perform a service because poor corporate governance poses a problem to the common "economic society." He also linked shacky corporate management to larger economic issues such as unemployment.
CEOs whose firms have poor earnings have no businesses getting huge bonuses, Icahn added. "If he was an average worker, they might've fired him. Why don't we make this guy accountable?"