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Comments: 1 +-   SPAM: Carl Icahn Takes on Yahoo Board-> on Thursday May 15 2008, @09:41AM narramissic

Submitted by narramissic on Thursday May 15 2008, @09:41AM
yahoo
narramissic writes "In a letter distributed this morning to the press and addressed to Yahoo's board Chairman Roy Bostock, Carl Icahn charges the board with acting irrationally and losing the faith of shareholders and Microsoft and announces he is nominating 10 candidates to replace all incumbent directors at the company's shareholders meeting in July. The move, rumored since earlier this week, is intended to ultimately reignite merger negotiations between Yahoo and Microsoft.

'It is quite obvious that Microsoft's bid of $33 per share is a superior alternative to Yahoo's prospects on a standalone basis. I am perplexed by the board's actions. It is irresponsible to hide behind management's more than overly optimistic financial forecasts,' Icahn wrote.
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  • Carl didn't just wake up one morning and decide Yahoo! needed cleaning up. I wish there were enough rules broken and enough political will to examine these events more carefully, but there aren't.

    This, lady and gentlemen is a good lesson in how the Big Boys play.
       
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no brainer: A decision which, viewed through the retrospectoscope, is "obvious" to those who failed to make it originally.

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