Yahoo Says “No” to Carl Icahn’s Board Demand
Friday, May 16th, 2008;
-- Andy Beal | 3 Comments » |

Carl Icahn is a powerful and extremely rich man. Companies that count him as a shareholder likely quake in their boots anytime he has something to say. However, Yahoo’s board is not impressed with Icahn’s threats to replace the board members with a selection of his own.
In their public reply to Icahn, Yahoo’s Chairman of the Board Roy Bostock pretty much tells him to go take a long walk off a short pier.
A fair-minded review of the factual record leads to one conclusion: that Yahoo!’s ten-member board, comprised of nine independent directors along with Yahoo! CEO Jerry Yang, remains the best and most qualified group to maximize value for all Yahoo! stockholders.
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