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Text size [+][-]  Friday November 20 2009GLOBAL EDITION

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15 May 2008 16:39

Sinatra or Clooney?

By Rob Cox

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Activist investor Carl Icahn has nominated a slate of directors for Yahoo's board. In a letter to Yahoo chairman Roy Bostock, Icahn wrote that current directors "acted irrationally and lost the faith of shareholders". He also wrote that the negotiations surrounding the proposed merger with Microsoft was "something that in my opinion the current board has completely botched".

Icahn nominated 10 directors for the Yahoo board, including himself, Keith Meister, Dallas Mavericks owner Mark Cuban and former Viacom chief executive Frank J. Biondi Jr.

Other nominees include Adam Dell, Lucian Bebcuk;  John Chapple, Edward Meyer, Brian Posner and Robert Shaye.

Yahoo's annual meeting takes place on July 3.

 

 
Like the heist film Ocean’s 11, he is assembling a team of specialists to crack open Yahoo’s vaults, pass the treasure to Microsoft and take a slice for themselves. In the Rat Pack version, the thieves get nothing. In the remake, they get the money. It could go either way.

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