TITLE

Yahoo to Icahn: What's Your Plan?

AUTHOR(S)
Schachter, Ken
PUB. DATE
June 2008
SOURCE
Red Herring;6/5/2008, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the open letter made by activist investor Carl Icahn which charged Yahoo Chief Executive Jerry Yang of engineering a severance plan that would trigger a massive employee walkout in a bid to sabotage Microsoft's takeover bid. In response, chairman Roy Bostock charged that Icahn misrepresented Yahoo's actions and challenged the investor to offer any credible plan. Bostock said the severance program is designed to retain highly coveted employees and that Icahn's characterization of it as a poison pill is just plain wrong.
ACCESSION #
36826846

 

Related Articles

  • Carl Icahn: Yahoo's Yang, Bostock My Pals. Schachter, Ken // Red Herring;7/31/2008, p1 

    The article reports on the optimism expressed by investor Carl Icahn regarding a meeting with Yahoo Chief Executive Jerry Yang and Chairman Roy Bostock. Icahn says the while they still disagree on many points, he has great hope the meeting will be the beginning of a beautiful friendship. During...

  • Icahn plans to oust Yang.  // Campaign;6/13/2008, Issue 23, p6 

    The article reports on the move by Yahoo! investor Carl Icahn to take away Jerry Yang as chief executive of Yahoo!. Icahn sent a letter to Yahoo! where in he stated the allegations that Yahoo! sabotaged Microsoft's initial $33-a-share offer for the company. On the other hand, chairman Roy...

  • Yahoo! board re-elected. Jay, Rufus // Marketing Week;7/31/2008, Vol. 31 Issue 31, p57 

    The article reports on the re-election of Yahoo! Inc.'s chief executive Jerry Yang at the company's annual meeting. Yang received 85% of shareholders votes despite investors' anger over his decision to reject Microsoft Corp.'s 48bn dollars offer for Yahoo!. Billionaire investor Carl Icahn, who...

  • Icahn to Yahoo: Here's My Plan. Schachter, Ken // Red Herring;6/6/2008, p3 

    The article reports on the multipoint strategic outline offered by activist investor Carl Icahn in response to a challenge by Yahoo board chairman Roy Bostock in the U.S. Icahn said he would rescind a poison pill severance plan for Yahoo's 14,000 employees, hire a talented and experienced chief...

  • Techspin: The (Hot) War of Words in Microsoft-Yahoo! Dreyfuss, Joel // Red Herring;7/14/2008, p1 

    The article reports on the misunderstanding between Yahoo Inc. and Microsoft Corp. involving the Microsoft's proposed acquisition of Yahoo. The conflict emerged when Roy Bostock, chairman of Yahoo, described Microsoft's proposal ludicrous. He was turning down an offer by Microsoft and instead...

  • Yahoo's Bostock: We Tried. Schachter, Ken // Red Herring;8/1/2008, p1 

    The article focuses on the claim made by Yahoo chairman Roy Bostock that Microsoft never stepped up to conclude the takeover deal it initiated on January 31, 2009. Bostock, apparently seeking to refute suggestions that founder and chief executive Jerry Yang had sabotaged the takeover, also...

  • The devil you know. Preimesbeiger, Chris // eWeek;8/4/2008, Vol. 25 Issue 23, p13 

    The article reports on the issue concerning the plan of Microsoft Corp. to acquire Yahoo! Inc. in the U.S. Jerry Yang, the company's chief executive officer (CEO), along with other shareholders have developed strategies to defend the company against takeover deals. It reveals that Yahoo!'s...

  • Yahoos Set Phasers on Stun, Put Shields Up. Schachter, Ken // Red Herring;5/16/2008, p3 

    The article reports that Yahoo! Inc. is racing to complete an advertising deal with Google that could short-circuit efforts to force a union with Microsoft. "The New York Post" noted that Yahoo could announce a deal on an open platform through which Google, Microsoft, AOL and others could bid...

  • Icahn loads up against Yahoo. Szalai, Georg; Bond, Paul // Hollywood Reporter -- International Edition;5/16/2008, Vol. 404 Issue 39, p11 

    The article reports that corporate raider Carl Icahn has nominated an alternative slate of directors for Yahoo! Inc's board that includes Frank Biondi, Robert Shaye, and Mark Cuban. Icahn, in a letter to Yahoo chairman Roy Bostock, confirmed having bought a large stake in Yahoo and made official...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics