Icahn Edges Closer to Yahoo Control
I didn't see this coming. Yahoo has actually
given
in to corporate raider Carl Icahn, and is allowing him and two others of
his choosing to join the Yahoo board. Icahn now controls three out of the 11
seats.
As owner of 5 percent of Yahoo shares, it makes sense to have Icahn on the
board. Then again, he's actively trying to dismantle the company. If I were
the Yahoo chairman, I'd treat Icahn like a Mexican jalapeno and steer clear!
Posted by Doug Barney on July 22, 2008