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- RE: Yahoo to Icahn: You misunderstand
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He not just one man, he is one owner of Yahoo (and he owns a significant amount of the company). So yes, as an owner of the company his thoughts and beliefs should be taken into consideration.
Please remember, Yahoo! decided to go public and once public, the boards first prioriry is to increase shareholder wealth.
Yahoo! could have stayed private and been able to set the rules about who they courted and rejected, but once they sold the company to the public, they immediately inherit the obligation to increase shareholder wealth.
You can't take the publics money and then tell them to butt out. - Posted by: Fark Posted on: 05/16/08 You are currently: a Guest | Members login | Terms of Use
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