Carl Icahn sends open letter to Yahoo! Board of Directors
In a recently published open letter to the Yahoo! Board of Directors, Carl Icahn makes things pretty clear, he wants to dump the entire current board. He is not very happy with the way the current board acted with Microsoft’s offer of $47.5 billion and feels the $33 per share price was a “superior alternative” to what Yahoo could do on their own.
“It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft.”
In a long and thorough letter he present a list of 10 members that he feels should replace the current board. The new list includes not only himself, but also Lucian A. Bebchuk, Frank J. Biondi, Jr., John H. Chapple, Mark Cuban, Adam Dell, Keith A. Meister, Edward H. Meyer, Brian S. Posner and Robert K. Shaye.
While Carl Icahn is going after this with full force, even if he were to get the newly proposed board in order, there has not been any word from the Microsoft camp as to whether or not they would come back and continue the deal.
Keep reading to check out the full letter…
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