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Is there Any Board Carl Icahn Hasn’t Shaken-up?

posted on July 15, 2008


Is it just me, or does Carl Icahn shake-up the Board of Directors at every company he invests in?

News today suggests he’s hell-bent on replacing Yahoo’s board at the August 1st annual meeting.

Icahn filed the final nominating papers for a slate of candidates that will oppose Yahoo’s current nine directors in a showdown scheduled for an Aug. 1 shareholder vote. In separate letter to Yahoo shareholders, Icahn accused the incumbent board of being more interested in protecting its jobs than evaluating the merits of Microsoft’s latest offer for Yahoo’s online search operations.

Icahn, who owns a 5 percent stake in Yahoo, also accused the board of misleading shareholders about some aspects of the proposal, which was rebuffed late Saturday.

Just from memory, and a quick Google search, Carl Icahn has a habit of doing this to companies.

If Carl Icahn is on your board, or a large investor, you may want to have a contingency plan in place. ;-)


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  • http://www.greatpriceshere.com Nicole Price

    I think that it is a good idea. The field is however somewhat overcrowded!

    Nicole Price’s last blog post..Camcorders: Deals and Discounts

  • http://www.seorefugee.com Skitzzo

    In the BBC article you linked to it mentions that he also forced Texaco into bankruptcy proceedings lol. It sounds like he’s an adept rabble-rouser but it seems to work for him.

    Skitzzo’s last blog post..An Open Letter to SEO Bloggers: Back up Your Statements!

  • http://www.fiftystudio.com Fifty Studio

    more companies need the Ichann presence. He makes better producers out of people.

  • http://www.bmgsurvey.com/ Travel Point

    This guy has a habit of shaking up the boards. Genetic problem.. ?

    Travel Point’s last blog post..The Samba of Brazil

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