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Carl Icahn Resigns From Yahoo's Board (YHOO)

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Carl Icahn, activist investor and one of Yahoo Inc's (NASDAQ: YHOO) more well-known director's, resigned from the Company today. He made news last year for speaking out against Yahoo co-founder Jerry Yang's decision not to sell a lumbering Yahoo to Microsoft Corp. (NASDAQ: MSFT) for $47.5 billion, or $33 per share. Yahoo stands at $17.22 at the close on Friday.

Carl Icahn, activist investor and one of Yahoo Inc's (NASDAQ: YHOO) more well-known director's, resigned from the Company today. He made news last year for speaking out against Yahoo co-founder Jerry Yang's decision not to sell a lumbering Yahoo to Microsoft Corp. (NASDAQ: MSFT) for $47.5 billion, or $33 per share. Yahoo stands at $17.22 at close of Friday.

Icahn's 15 months on Yahoo's Board saw the replacement of Jerry Yang by Carol Bartz as the new CEO of Yahoo, and a ground-breaking 10 year contract with Microsoft to take on search engine behemoth Google (NASDAQ: Goog). Icahn is one of the largest stakeholders in Yahoo with 4.5 percent stake that is currently worth slightly more than $1 billion.

Posted-In: Carl Icahn Carol Bartz Jerry YangNews Management Markets

 

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