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

Discussion in 'Yahoo' started by CommonDavid, May 13, 2008.

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  1. #1
    CommonDavid, May 13, 2008 IP
  2. Stealer

    Stealer Peon

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    #2
    Thanks for this interesting news article.
     
    Stealer, May 13, 2008 IP
  3. dopiitv

    dopiitv Well-Known Member

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    #3
    that company is a mess lol
     
    dopiitv, May 13, 2008 IP
  4. Stealer

    Stealer Peon

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    #4
    I think Yahoo deserves it after getting offered so much per share when there shares are currently doing so horrible! :(

    CM
     
    Stealer, May 13, 2008 IP
  5. movidalatina

    movidalatina Well-Known Member

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    #5
    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.......
     
    movidalatina, May 13, 2008 IP
  6. hexinator

    hexinator Peon

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    #6
    and now it's gonna sell cheaper than Microsoft first offered.
     
    hexinator, May 13, 2008 IP
  7. wisdomtool

    wisdomtool Moderator Staff

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    #7
    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.
     
    wisdomtool, May 13, 2008 IP
  8. Stealer

    Stealer Peon

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    #8
    I think the share holders will take Yahoo out, bad management.

    CM
     
    Stealer, May 13, 2008 IP
  9. CommonDavid

    CommonDavid Peon

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    #9
    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.
     
    CommonDavid, May 14, 2008 IP
  10. peepin2me

    peepin2me Well-Known Member

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    #10
    Good for Y! if it works out
     
    peepin2me, May 14, 2008 IP
  11. hospitaleracha

    hospitaleracha Active Member

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    #11
    I always forget that yahoo still exists, thank you for reminding me ;-) SY
     
    hospitaleracha, May 14, 2008 IP
  12. julien_santini

    julien_santini Active Member

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    #12
    All of this is not good news for us though ... with so much consolidation around our bargaining power is shrinking by the day.
     
    julien_santini, May 14, 2008 IP
  13. CommonDavid

    CommonDavid Peon

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    #13
    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
     
    CommonDavid, May 15, 2008 IP
  14. zippy1nut

    zippy1nut Well-Known Member

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    #14
    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.
     
    zippy1nut, May 15, 2008 IP
  15. wisdomtool

    wisdomtool Moderator Staff

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    #15
    Not really crazy Carl Icahn has the financial might and determination, he had been doing that before.

     
    wisdomtool, May 15, 2008 IP
  16. Lovely

    Lovely Well-Known Member

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    #16
    I know there will be problem in the board of Yahoo after Microsoft pull out of the bid.
     
    Lovely, May 16, 2008 IP
  17. ReadyToGo

    ReadyToGo Peon

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    #17
    I had a gut feeling that Carl Icahn was going to make a move...
     
    ReadyToGo, May 16, 2008 IP
  18. milofi_hosting

    milofi_hosting Banned

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    #18
    Yahoo seems to have a lot of things happening with it at the moment.

    Thanks for sharing.
     
    milofi_hosting, May 16, 2008 IP
  19. Sem-Advance

    Sem-Advance Notable Member

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    #19
    Sem-Advance, May 16, 2008 IP
  20. honey415

    honey415 Peon

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    #20
    Very interesting article. Thanks for posting it.
     
    honey415, May 16, 2008 IP
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