Carl! Icahn! quits! Yahoo! Carl Icahn has resigned from Yahoo's board of directors after a stint that saw him fail to flog the company to Microsoft and the web firm's shareprice continue to slide. The troublemaking investor said there was no longer any need for Yahoo! to have an activist director on the board. He said he was focussed on other matters so …
He didn't get Yahoo! to sell itself to Microsoft, a fact that irritates Yahoo but leaves Steve Ballmer able to sleep at night.
Icahn is now making a nuisance of himself / improving shareholder value at Time Warner, who you may remember bought a little ISP or two a few years ago...
"The troublemaking investor said there was no longer any need for Yahoo! to have an activist director on the board. He said he was focussed on other matters so did not have the time to devote to the job."
Hmmm. Will El Reg please give us the heads up whenever an activist director joins the board. It is certainly something which Yahoo! is lacking/in need of.
-- "but he never succeeded in selling the company to Microsoft."
Thank God! That would have reeeally sucked. Favoritism towards IE browsers. Options and extras that would only work with IE. Crappy, filtered search engine results, even weaker news stories.. Oh wait! That's happening now!
Icahn! Don't let the door hit you in the ass on your way out!
So he went into Yahoo destroyed it's value and exits?
So how much did he make? I know it looks like he lost money, but Yahoo have done a deal on search with Microsoft, which is what MS wanted, and so it seems likely to me that an asset stripper like Icahn had a side deal for himself and is now exiting after the MS deal.
Before Icahn, Yahoo was worth $40 to Microsoft, look at the company now, after Icahn's attack. I hope shareholders pursue him and his companies and recover their money from him.
Parasite.
The Register 
Biting the hand that feeds IT
Copyright. All rights reserved © 1998–2024
