[PCWorld]

Post your comments for Icahn Fires off Scathing Letter to Yahoo Directors here

[s2j36]

I hate carl icahn.He always has to stick his nose into things.
He only has intrest in this so he can make a quick buck.And doesn't care about anything but his greedy self.I hope that microsoft doesnt buy yahoo, and that he loses money on this deal.
maybe it will teach him to mind his own business and stick to his own companies, instead of picking on smaller companies (e.g. yahoo,& motorola. just to name those two)but i doubt it.
If microsoft takes over yahoo, i know that many users will drop
yahoo.Gmail is better anyway.

[AuroraDizon]

Yea these definatly are the kinds of people in this world we can do without sticking their nose's into other's business. Yea I know shareholders but Yang is a co-founder of Yahoo its his company. God forbid someone have integrity and pride in their company instead of just selling out.

[Adama]

So Icahn has more $$ than Trump and he owns oddles of Yahoo stock.... what gives him the right to start firing people that have worked so hard to build Yahoo into the good company that it is?

[s2j36]

Icahn purchased most if not all his stock after the first exchange with microsoft. So he really has no business telling jerry yang what to do, He bought yahoo stock and started a proxy fight cause he has nothing better to do with his time and money.

[Adama]

s2j36 said:

Icahn purchased most if not all his stock after the first exchange with microsoft. So he really has no business telling jerry yang what to do, He bought yahoo stock and started a proxy fight cause he has nothing better to do with his time and money.

Hi s2j36, and welcome to PCWorld Communities. I can see by your post that you're not a big fan of the guy.

For what I heard he's known for doing things like this to other companies. ?:|

[s2j36]

Hi and thank you, I've been a long time user of pc world, just never a member. I remember just a few months ago, he was pulling a very similiar thing on motorola.

He was very determined to put in one of people from Icahn & Co. which is a securities firm. So it makes me curious what the guy would know about running a cell phone company.He has taken substantial or controlling positions in various corporations including: {color:#000000}RJR Nabisco{color}, {color:#000000}TWA{color}, {color:#000000}Texaco{color}, {color:#000000}Phillips Petroleum{color}, {color:#000000}Western Union{color}, {color:#000000}Gulf & Western{color}, {color:#000000}Viacom{color}, {color:#000000}Uniroyal{color}, {color:#000000}Dan River{color}, {color:#000000}Marshall Field{color}, E-II ({color:#000000}Culligan{color} and {color:#000000}Samsonite{color}), {color:#000000}American Can{color}, {color:#000000}USX{color}, {color:#000000}Marvel Comics{color}, {color:#000000}Revlon{color}, {color:#000000}Imclone{color}, {color:#000000}Federal-Mogul{color}, {color:#000000}Fairmont Hotels{color}, {color:#000000}Kerr-McGee{color}, {color:#000000}Time Warner{color} and {color:#000000}Motorola{color}. This a-hole is said to be worh $14 Billion. He is also known as the shrewest investor on the planet. He picks on people like jerry yang and other small companies to make a quick buck, and he has more money than his great grandchildren could spend.

so he must just do what he does for fun, with no concern or remorse for anyone or anything else. Yeah, i guess you could say i hate him. Lol

[AuroraDizon]

They should have laws to prevent people from doing crap like this.

[getmything]

If Yang purely rejected the offer because he thinks the deal was not good enough then there is not a person more greedy than him, but if he rejected the deal because he don't want to loose the company he co-founded and go into wrong hands then he shouldn't have let Microsoft come to deal table in the first place itself. Its his fault from any angle I see.

[AuroraDizon]

Not necessarily true so say you have a company you really don't want to sell it but you listen to someones offer to give them a chance. You put so much of yourself into this company you don't really want to sell but to see what they offer you. To only sell it for a higher amount is because it means that much to him, because he doesn't really want to sell. It doesn't make him greedy.





For example;


You not only build your own PC, say its an innovating PC or perhaps even the first PC. You put a lot of time and effort into making something completely yours. Your ideas and hard work have gone into making this very unique and one of a kind PC. Your doing well selling it on your own. A bigger company comes along and says hey we're interested in buying your "X PC" so we can use its design with our stuff because its what we are lacking. You go, well I don't really want to sell (which they did say they were not interested at first) and they said well just give us a chance to see what we can offer you. With great reluctance you hear this bigger company out and tell them well I'm not really interested again. Finally after some time at the table you start to give in and say well maybe if you give me "X" amount more. Which may seem like a lot but for a unique item along with your hard work and this is your life. They may say thats too much and walk away like Microsoft did. This is your company your "PC" you have built and it is your to sell.

[s2j36]

You should try his shoes on for size. Think about it. you start a internet company, your fulfilling your dream. your company grows from you running your company in a trailer in the middle of simi valley, to you sitting at the top in a big coporate office. you started it all. this is your labor at work, and then some jerk off wants to come along, and take like 15+ years of your hard work, and dismantle it piece by piece. Now tell me honostly. How happy would you be about that?

[getmything]

That is what I am saying, in the first place itself he shouldn't have gone to the negotiation table if he likes his company so much. Why to come to the table and engage Microsoft for months when you had no intentions to do so? Why all this non-sense? If Microsoft threatened with a proxy battle then he could have taken the same steps that he had taken now. Waste of time

[s2j36]

The answer is simple. jerry yang has to review offers from compainies, that offer to buy out yahoo. He doesn't own yahoo outright. like most companies he has shareholders. and those shares are available for the public to purchase. when a company has shareholders, the board of directors must do what is in the better interest of the shareholders. so for example, if the company is doing poorly and the shares are worth $10 each. and another company comes along with interest to buyout the company, and offers $25 per share. then the board of directors is forced to sell to that company. If a person runs a company and is the primary share holder, than they may do whatever they wish. but the reality is that jerry yang isn't the share holder with the largest percentage of stock. carl icahn probably is. and if microsoft is willing to buy yhoo, and the majority of the of the board or the shareholders want to sell, then microsoft will come up on yahoo. but microsoft is rich enough, and this isn't the 90's anymore. microsoft doesn't need to corner the internet anymore. microsoft only wants yahoo, so they can compete with google.