Billionaire investor Carl Icahn is considering launching a proxy fight at Yahoo Inc

[CommonDavid]

Interesting:

http://biz.yahoo.com/ap/080513/yahoo_mover.html?.v=1

[Stealer]

Thanks for this interesting news article.

[dopiitv]

that company is a mess lol

[Stealer]

I think Yahoo deserves it after getting offered so much per share when there shares are currently doing so horrible!

CM

[movidalatina]

unbelievable how incompetent "Y" is.
and the disregard for the shareholders :-/
2 out of 10 things work over there..lol
flickr and yahoo mail are the only things that
work, search engine sucks,YPN sucks, mash sucks.......

[hexinator]

and now it's gonna sell cheaper than Microsoft first offered.

[wisdomtool]

Not that easy Yang is also buying up Yahoo shares, I guess Carl will have to force a proxy vote and rely on other independent share holders to take down the current board.

[Stealer]

I think the share holders will take Yahoo out, bad management.

CM

[CommonDavid]

Honestly, Yahoo wouldn't be hurt from some new management.

They've got a lot of good things going, but it seems like almost every project ends up being mismanaged or cut short.

Good for Y! if it works out

[hospitaleracha]

I always forget that yahoo still exists, thank you for reminding me ;-) SY

[julien_santini]

All of this is not good news for us though ... with so much consolidation around our bargaining power is shrinking by the day.

[CommonDavid]

Crazy!

Icahn sends letter to Yahoo, plans proxy battle
Thursday May 15, 9:38 am ET
Icahn says in letter to Yahoo board he will launch proxy fight, nominate 10 directors

NEW YORK (AP) -- Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors.

In a letter to Yahoo Chairman Roy Bostock, Icahn said he is nominating 10 directors, including himself, following the Sunnyvale, Calif.-based company's "irrational" actions toward Microsoft's takeover bid.

Search engine giant Yahoo is on the hot seat for rejecting Microsoft's initial bid of $44.6 billion, or $31 per share, and taking measures that finally drove away the software maker. Icahn reportedly has spent more than $1 billion to acquire about 50 million Yahoo shares -- a stake of about 3.6 percent -- in order to turn up the heat on Yahoo's board.



http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5

[zippy1nut]

With a company with so much web power and has so much potential you would think they could find the right people to run YAHOO.

[wisdomtool]

Not really crazy Carl Icahn has the financial might and determination, he had been doing that before.

Originally Posted by CommonDavid

Crazy!

Icahn sends letter to Yahoo, plans proxy battle
Thursday May 15, 9:38 am ET
Icahn says in letter to Yahoo board he will launch proxy fight, nominate 10 directors

NEW YORK (AP) -- Billionaire activist investor Carl Icahn has confirmed he is launching a proxy battle to remove Yahoo's board of directors.

In a letter to Yahoo Chairman Roy Bostock, Icahn said he is nominating 10 directors, including himself, following the Sunnyvale, Calif.-based company's "irrational" actions toward Microsoft's takeover bid.

Search engine giant Yahoo is on the hot seat for rejecting Microsoft's initial bid of $44.6 billion, or $31 per share, and taking measures that finally drove away the software maker. Icahn reportedly has spent more than $1 billion to acquire about 50 million Yahoo shares -- a stake of about 3.6 percent -- in order to turn up the heat on Yahoo's board.



http://biz.yahoo.com/ap/080515/yahoo_icahn.html?.v=5

[Lovely]

I know there will be problem in the board of Yahoo after Microsoft pull out of the bid.

[ReadyToGo]

I had a gut feeling that Carl Icahn was going to make a move...

[milofi_hosting]

Yahoo seems to have a lot of things happening with it at the moment.

Thanks for sharing.

[Sem-Advance]

LOL

Icahn is an out of touch feeble old man

Yahoo shot him down so hard it makes me laugh.

http://files.shareholder.com/downloa...15_General.pdf

Icahn should go back to taking on stogdy non-Internet companies as he knows nothing about the Internet....

He also looses more than he wins.....A 3% share is not enough to hold swagger...he needs more like 10 or 20% and he doesn't have that kind of cash......

[honey415]

Very interesting article. Thanks for posting it.