While some folks were enjoying the summer sun and taking a vacation, investor activist Carl Icahn showed that the life of a shareholder activist can be 24-7.
In his blog post Tuesday, Icahn recounts how he spent last weekend hammering out a settlement agreement with Yahoo Chairman Roy Bostock and CEO Jerry Yang, ending a contentious proxy battle between the parties.
Here's what Icahn had to say:
Proxy fights are very expensive and time-consuming. Unlike political elections, where change is often seen, it is unfortunately extremely difficult to take control of a company. By the end of last week, … Read more