Yahoo letter: Icahn is only looking out for himself
In a new letter to shareholders, Yahoo CEO Jerry Yang and Chairman Roy Bostock claim that the latest proposal from Microsoft and investor Carl Icahn "will destroy stockholder value at Yahoo."
The letter, released Thursday, complains that Icahn only invested in Yahoo two months ago, and is just looking for a deal to "recover his investment and get back his money quickly, even a deal that does not provide full and fair value to you."
The letter is part of the months of sniping among the companies, investors, and other interested parties, all leading up to Yahoo's August 1 shareholder meeting.
Icahn and his proposed new board slate "lack the working knowledge of Yahoo and its Internet business needed...to successfully deliver a value-enhancing transaction," the Yahoo letter says.
Margaret is news editor for CNET News, based in the Boston bureau. She also oversees the CNET Blog Network. E-mail Margaret. 
Stop, think about it, and ask yourself, if you're so great and have done so many great things... why aren't you touting that as opposed to saying Icahn is bad. What you're really saying at that point is I may suck but not as much as Icahn (what kind of leadership is that)? so basically should we be looking for another slate becuase none of your arguements have been around the value your team (that's still left in piece:)) has added.
Stop, think about it, and ask yourself, if you're so great and have done so many great things... why aren't you touting that as opposed to saying Icahn is bad. What you're really saying at that point is I may suck but not as much as Icahn (what kind of leadership is that)? so basically should we be looking for another slate becuase none of your arguements have been around the value your team (that's still left in piece:)) has added.
Stop, think about it, and ask yourself, if you're so great and have done so many great things... why aren't you touting that as opposed to saying Icahn is bad. What you're really saying at that point is I may suck but not as much as Icahn (what kind of leadership is that)? so basically should we be looking for another slate becuase none of your arguements have been around the value your team (that's still left in piece:)) has added.
Carl Icahn dismantled TWA, while a billionaire, to make himself more money and put people out of work.
Let's see, who has a better track record with real people...
-R
What exactly does he produce?
NOTHING! He has yet to "turn-around" any of the corporations he gets involved with. This guy plays a elaborate game of blackmail.
He drives up the stock price and then sells out. If any of us did that, we'd be in jail. It's called stock manipulation.
What exactly does he produce?
NOTHING! He has yet to "turn-around" any of the corporations he gets involved with. This guy plays a elaborate game of blackmail.
He drives up the stock price and then sells out. If any of us did that, we'd be in jail. It's called stock manipulation.
- by I_Cahn_Is_A_Parasite July 19, 2008 6:14 AM PDT
- People like Carl Icahn are what's wrong with America. Greedy individuals who leech off the hard work of others.
- Reply to this comment
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(7 Comments)What exactly does he produce?
NOTHING! He has yet to "turn-around" any of the corporations he gets involved with. This guy plays a elaborate game of blackmail.
He drives up the stock price and then sells out. If any of us did that, we'd be in jail. It's called stock manipulation.