Gooooooooooo Carl!. Really, those jokers on the Yahoo board all deserve to get the hook. Carl Icahn has apparently decided to go the proxy fight route and will attempt to lay waste to the entire ten member Yahoo board, as opposed to the easier path of trying to pick off a smaller number of directors. We don’t know if he’ll get all of them or any, for that matter — his goal really isn’t taking over the board, but jump starting talks between Yahoo and Microsoft to get a deal done. Carl bought 50 million Yahoo shares after Microsoft pulled its Yahoo bid. With the shareholder sentiment such as it is….in general really pissed off — we would expect that the show of shareholder support will be overwhelmingly in Carl’s favor.
We love watching a good fight. And this one should be classic.
Tags: Carl Icahn, Microsoft, Proxy fight
