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Icahn to Yang: I've Got Your Pink Slip

Says Jerry wrecked Microsoft deal, and he's out if proxy bid wins

By Jim O'Neill, Newser User

Posted Jun 4, 2008 6:46 AM CDT

(Newser) – Billionaire investor Carl Icahn wants Jerry Yang out of Yahoo's CEO seat, and has a pink slip waiting if his proxy action to take over the board is successful, reports the Wall Street Journal. Icahn yesterday unleashed a torrent of criticism of Yang’s role in the aborted Microsoft buyout deal—even as a January 2007 $40-a-share offer came to light this week—and says the software giant no longer trusts Yang.

“It's no longer a mystery to me why Microsoft's offer isn't around," Icahn said, referring to a $2.5-billion employee-retention plan he believes Yahoo used to deter a takeover. "How can Yahoo keep saying they're willing to sell the company on the one hand, while at the same time they're completely sabotaging the process without telling anyone?"

A Yahoo worker leaves Yahoo headquarters in Sunnyvale, Calif.. Billionaire activist investor Carl Icahn is launching a proxy battle to remove Yahoo's board of directors. (AP Photo/Paul Sakuma, file)

Financier Carl Icahn. (AP Photo/Charles Rex Arbogast)

Yahoo CEO Jerry Yang. (AP Photo/Paul Sakuma)

Private equity investor Carl Icahn. (AP Photo/Mark Lennihan, file)

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Icahn to Yang: I've Got Your Pink Slip

Says Jerry wrecked Microsoft deal, and he's out if proxy bid wins

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Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

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Icahn to Yang: I've Got Your Pink Slip

Says Jerry wrecked Microsoft deal, and he's out if proxy bid wins

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OTHER STORIES ON OUR RADAR

Yahoo • Microsoft • Carl Icahn • takeover • proxy battle

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale

Yang Slams 'Destabilizing' Microsoft Plan

CEO accuses Icahn-allied giant of pretending to want deal

Yahoo's Defensive Stance: Microsoft 'Inconsistent' in Bid

Company gives take on negotiation as clock ticks on Icahn proxy fight

Icahn: Yahoo Poison Pill 'Reprehensible'

But pricey severance plan kicks in if Icahn wins proxy fight, Yahoo says

Feds Approve Icahn's Yahoo Stock Buys

Activist investor plans additional $2.5B outlay to boost proxy bid

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Newser By Users

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