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