Yahoo Points Out That Carl Icahn's Record Stinks

Silicon Alley Insider:

Don't know why it took this long, but Jerry Yang and company are finally launching a media blitz, one that we think is doing an effective job of making their case.

One particular talking point they've been hitting over and over: Carl Icahn isn't a "shareholder activist" -- he's a speculator who knows nothing about tech and has no plan to do anything other than flip or carve up Yahoo. Their latest salvo: He's bad at speculating, too.

Here's their argument, laid out in a single page of Yahoo's 34-page (!) presentation released today. By Yahoo's reckoning, Carl has gotten mixed up in 15 public companies since 2004; only three of them have seen their stock move up and stay up since he started buying. Carl, we await your rebuttal.

Read the whole story: Silicon Alley Insider

Comments

[MajorKong]

A few hundred years ago Icahn would have been wearing an eye patch and flying the Jolly Roger.

[Lemeritus]

The Yahoo! board ought to worry more about what they are doing to shareholder value than what Carl Icahn is going to do to it. I'm not a big fan of his, but Yang and the Yahoo! board is an embarrassment.

[Rule Of Law]

Those who can, Do! Those who can't....

Well, with a name like Icahn(t), what should we expect?

[Big0725]

Isn't this the guy that ran Eastern Airlines into the ground? Or was that TWA?

[MajorKong]

TWA. About as close as this guy should be allowed to get to Wall Street should be pushing a hot dog cart in front of the New York Stock Exchange.

[KillTheMessenger]

The only way to survive a Carl-attack is to poison any takeover with impossible economic terms. There are plenty of companies which have done just that and Carl drew the short straw, uttered some expletives and then went his way to raid another company.

[iambusto]

KTM,
with shareholder friendly people like you, is it any wonder?

Last time i checked, PoisonPill, GreenMail, Staggered Board terms are the three signs you are looking for to avoid investing in a company. Those 3 are the worst shareholder friendly features in a company's corporate governance.