Capital Research Global Investors, which owns 7% of Yahoo, publicly questioned on Monday the validity of the announced results from Yahoo’s shareholder vote. And they were right to be skeptical.
Capital Reseach and the Capital World Investors control a combined 17% of Yahoo’s shares and recommended to its fund managers that they withhold votes for Yahoo CEO Jerry Yang.
However, […]
Our favorite barbarian Carl Icahn has published a letter today detailing his growing relationship with Microsoft’s Steve Ballmer.
Particularly troublesome for Yahoo, Icahn noted that “several of our conversations have lasted as long as an hour.”
The likelihood is low that Carl has been asking Steve about the Windows XP Service Pack 3 patch. It’s rather high that Carl and […]
Two of my favorite topics this spring… Carl Icahn and Yahoo. So who would have thunk this…
Reports today indicate that Carl Icahn is considering a proxy fight vs. Yahoo’s board. The deadline is Thursday (May 15) to nominate candidates — no problem for King Carl as he has a stable of ready and waiting executives […]
Blockbuster shareholder Carl Icahn has indicated that he will provide any financing required for Blockbuster to purchase electronics retailer Circuit City.
And Circuit City dissident shareholder Steve Wattles, who is currently waging a proxy fight vs. Circuit City’s management, has told Reuters that any bid above $6/share (representing a 54%+ premium) “looks attractive”.
Meanwhile, Blockbuster’s shares are down 16% in […]
Circuit City, already facing a proxy fight with dissident investor Wattles Capital Management (see prior posts here and here), has received a cash buyout offer from Blockbuster Inc.
According to The WSJ Online, Circuit City’s board received the offer in February and summarily rejected it, doubting Blockbuster’s ability to secure the required financing.
Frustrated with Circuit City’s lack of […]
One less proxy fight will be decided by shareholders in the 2008 proxy season.
Reuters is reporting that Motorola and legendary corporate raider Carl Icahn have reached an agreement to give two board seats to Icahn’s nominees.
Keith Meister, Icahn’s investment director, will be seated immediately on Motorola’s board, while investment banker William Hambrecht will be officially supported by Motorola in the upcoming shareholder […]
You know that you’re into something sexy when PBS comes knocking.
A week ago, PBS’s Nightly Business Report presented a quick snapshot of this year’s proxy season and some of its key players.
“Trouble at the Top: Proxy Fights 2008″ (click here) includes comments from AFSCME’s Richard Ferlauto.
“Roundtable Review of Corporate Governance” (click here), “Trouble at the Top: Shareholder […]
In an apparent move to assuage dissident shareholder Carl Icahn, Motorola announced that it would spin off its troubled mobile cell phone business, effectively splitting Motorola into two publicly traded companies.
Icahn stills believes that Motorola is moving too slow and has vowed that he will continue his proxy fight for four board seats. As Seeking Alpha reports…
“What […]
Uber-activist Carl Icahn must not blogging (http://icahnreport.com/) because he is simply too busy wheeling and dealing and suing companies.
Icahn rejected Motorola’s offer of two board seats, demanding that he have four.
And Icahn remains serious about his proxy fight, sending more than signals to Motorola management. He is now suing Motorola for “deep access” into the […]
Carl Icahn may not be blogging, but his proxy fight with Motorola is starting to simmer. As Reuters reports, Motorola has reshuffled its marketing leadership, just one day after urging shareholders to reject Icahn’s rival slate of directors.
For more, click here.
