Wednesday, Jun 20, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Icahn vows to oust Yang from Yahoo's board

Activist investor Carl Icahn doubts Yahoo Inc. seriously considered Microsoft Corp.'s $47.5 billion takeover offer, deepening his determination to oust the Internet pioneer's chief executive, Jerry Yang, and the rest of the company's board.

Icahn lashed out at Yang and the board in a Tuesday interview with The Wall Street Journal. His harsh criticism came after a Delaware judge on Monday unsealed court documents that revealed Yang shrugged off the advice of outside consultants and pushed for an employee severance plan that dramatically drove up the costs of a Microsoft acquisition.

Microsoft withdrew an oral offer of $33 per share last month in a disagreement over price.

Read more in later editions of The Blade and

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…