You Can Fool Some Of The People – But Not This Guy
“Intimidating, relentless and rich. That, in a nutshell, is Carl Icahn. His investment strategy is simple: find a company he thinks is poorly run and then start buying up shares of its stock. Then, start agitating until changes are made. Along the way, the companies he chooses generally start improving, improving his bottom line over and over.”
It’s being passed around that Icahn is about to launch a shareholder revolt to force Yahoo’s board of directors out of the company to replace them with others who would favor the takeover by Microsoft. I guess when you buy 50 million shares in a company (worth $1 Billion) at exactly the right time your reputation precedes you…
If it is true, then I guess Icahn perceived Yahoo! as being poorly run eh?
