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Carl Icahn Takes on Yahoo's Board
narramissic and several others have written to point out that Carl Icahn has initiated a proxy battle with Yahoo's board of directors over their rejection of Microsoft's bid for the company in February. Icahn has purchased millions of Yahoo shares over the past week and assembled a group of nine other investors (including Mark Cuban) to persuade the board to resume talks with Microsoft. Yahoo remains unimpressed. Icahn's letter to Yahoo accuses:
"It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo's closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet."
We should seriously have POSIX internment camps for American IT students.
Says me. And says anybody else who wishes to live in a civil society.
If you don't like it, feel free to let me murder you.
Why yes, I AM a rocket scientist!
My point about murdering wasn't that I wanted to murder you, but that in a civil society we DO have a framework of shared values, where murdering (and, I assert, fraud and stealing) are wrong.
I'm not questioning Icahn's right to make whatever argument he wants. I'm questioning his credibility and integrity. I think he's defrauding the shareholders, and I think that's wrong.
Why yes, I AM a rocket scientist!