Version: 2008
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Comments on: Icahn's questions attack Yahoo

Billionaire investor Carl Icahn kicks off the week with pointed questions for Yahoo's chairman, roughly eight weeks before the company's annual shareholders meeting and board election.

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by lukulius June 9, 2008 8:31 AM PDT
Yang and Bostock might be screwing the pooch here, but I have to say that Icahn sure has a lot of opinions for a guy who doesn't understand what the internet is.

I think it's pretty obvious that this guy doesn't understand Yahoo's business and all he wants is to make a quick buck.
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by MMC Racing June 9, 2008 9:21 AM PDT
As well as Yahoo has done over the last few years, they don't seem to know what the internet is either.
by flippermoon June 9, 2008 9:16 AM PDT
Carl is right on, it's great he is getting involved in this even if it's for quick money. Yahoo is a joke compared to goog. Hey yahoo, ever heard of adwords editor? Why don't you create the same software? Panama is horrible compared to adwords in almost every way. Yahoo content ads just can't compete with adsense.
Yahoo clearly can't compete with goog in search or ad delivery, so either sell the company now to msft (which sucks too) but at least they have money or start REALLY listening to your customers and delivering. It's actually Yahoo that doesn't understand the economics of the internet business, judging by their results over the past couple of years. Less risk for everybody to just take MSFT's monopoly money - again Carl knows exactly what is going on.
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by zbikenut June 9, 2008 9:22 AM PDT
Quick buck? how about an easy buck. Elect me to the board of directors I could use a 500,000 per year job to rubber stamp Yang and co. It is interesting that the poison pill is designed to keep the owners of the company from selling the company and ousting incompetent managers.
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by mikehill33 June 9, 2008 9:33 AM PDT
Yahoo! is too busy planning layoffs to bother with Carl's letter.

Sad, but given their track record of lack of fundamental business grounding, Yang and crew will sink this ship faster than a hurricane!
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by Dalkorian June 9, 2008 9:43 AM PDT
It's amazing how many of you hate Yahoo so much. Icahnt has only one vision for Yahoo - a quick death at the hands of the evil empire, cashing out for max profit. We all know what M$ does to it's competition. Do you all really advocate for Google-only search on the web? Do you all really want to hand Google a monopoly in web search? M$ has already proven it can't get the job done (MSN anyone?) and Ask is really the only other game in town, but it's not exactly taking off now is it.
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by throughtheglass June 9, 2008 10:03 AM PDT
What I love about this fight is how dumbed down they are making everything. Ichan knows EXACTLY why this plan was put into place. To stop EXACTLY what he is trying to do from happening. He is in a reall tough spot right now. Unless the current board removes the plan, he is f***ed in terms of what options he has.

If his clown college puppet board does get voted in, they have to figure out how to run the company for the next 2 years until the provision goes away. Who on that board can do that? Cuban? hahaha, give me a break. And what CEO wants to run a company that is just going to sold for scrap in 2 years? Not anyone that could really make a difference and drive up the share price.

And as far as a deal with Google goes, what is in it for Google? They know the business will be pulled out from under them at any time once a deal is hammered out with MS, so what is in it for them?

Sure, he can sue to get the severance plan removed, but what are his chances of winning that suit? The board was within their rights to put the plan into place.

As far as not telling the employees about the 1.5 billion. They knew. But my guess is with the current severance plan in place, many of them will make a lot more than $100,000.

I think its funny how they through a wrench into this jack@$$'s plan.
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by benjaminstraight July 29, 2008 3:48 PM PDT
More of the daily drama via Yahoo.
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by uohaa January 4, 2009 8:29 AM PST
Google will hard yahoo even more in the future with youtube and facebook!
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