IndustryCarl Icahn Quits Yahoo! Board

Carl Icahn Quits Yahoo! Board

He came, he kinda sorta conquered and now he’s left. Investor Carl Icahn, who stirred up investors during the Microsoft acquisition attempt, quit Yahoo!’s Board of Directors on Friday.

After Yahoo! failed to accept Microsoft’s offer to fully acquire the Sunnyvale-based Internet company, Carl Icahn embarked on his own attempt to overthrow Yahoo!’s Board of Directors. Icahn ultimately settled with Yahoo! just before the 2008 shareholders meeting. He got a seat on the board plus the board was expanded to bring in some outsiders.

A few months later, Jerry Yang stepped down as CEO. Eventually, Carol Bartz was named as replacement. Now, there’s a pending search deal with Microsoft, and Yahoo!’s stock has been steadily increasing.

Wam, Bam, Thank You Ma’am. I guess Icahn’s work at Yahoo! is done.

Resources

The 2023 B2B Superpowers Index
whitepaper | Analytics

The 2023 B2B Superpowers Index

8m
Data Analytics in Marketing
whitepaper | Analytics

Data Analytics in Marketing

10m
The Third-Party Data Deprecation Playbook
whitepaper | Digital Marketing

The Third-Party Data Deprecation Playbook

1y
Utilizing Email To Stop Fraud-eCommerce Client Fraud Case Study
whitepaper | Digital Marketing

Utilizing Email To Stop Fraud-eCommerce Client Fraud Case Study

1y