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May 15, 2008, 01:53 PM
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Join Date: Apr 2004
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Icahn Moves to Oust the Yahoo! Board
Apparently not satisfied with his "win" against Motorola, Carl Icahn has been buying up Yahoo! stock, apparently planning a proxy fight designed to replace the Yahoo! Board of Directors with a set of nominees that will move forward toward a possible merger with Microsoft. On Thursday Icahn sent an open letter to Yahoo! Chairman Roy Bostock outlining his plans, stating that the company's board had "acted irrationally and lost the faith of shareholders and Microsoft."
____________ Source: Tech-Ex |
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