Icahn to do Microsoft’s Dirty Work?
May 13, 2008
Carl Icahn thinks, ‘Jerry Yang is an idiot CEO’ and he may launch a proxy fight to take him out. According to David Faber, Icahn has built a significant position in Yahoo (50 million shares) and is building a ’short slate’ of board members (targeting 3 or 4 directors). Icahn played the same game with Oracle and BEA and I suspect he might be able to put the Microsoft deal back together once he was in control. Of course we will know by Thursday since that is the deadline…
