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“It’s hard to understand these technology companies.”* – Carl Icahn
*“Activists Test Silicon Valley – Icahn Is Latest Investor Trying to Unlock Value In Technology Industry,”
The Wall Street Journal. Pui-Wing Tam and Vauhini Vara. October 20, 2007.
Stockholder Information
Press Releases
Presentations to Stockholders
Letters to Stockholders
Proxy Materials
Stockholders, Vote Now!
The Icahn Slate Is Not the Right Answer for Yahoo!
On May 15, 2008, Carl Icahn announced his intent to nominate a slate of directors for election at Yahoo!’s 2008 annual meeting of stockholders to take control of Yahoo!. When Mr. Icahn began his proxy contest he had no articulated plan for Yahoo! other than a sale of the Company to Microsoft and today he still lacks a strategy that makes sense for Yahoo! stockholders. His current plan is a complex restructuring of the Company which includes a sale of Yahoo!’s valuable search business to Microsoft.
Ironically, Mr. Icahn previously urged Yahoo! not to sell its search business to Microsoft. Specifically, in an interview on CNBC’s Fast Money program, on June 4, 2008, Mr. Icahn said, "... it’s crazy for this company now to do this alternative deal and give the store away, because obviously, an alternative deal is a poison pill because once you’ve done an alternative deal and given the search to Microsoft, you don’t need Microsoft to buy you anymore. So, that would be a poison pill...."
Yahoo!’s Experienced Board and Executive Leadership Are Positioning Yahoo! for Future Success
Yahoo! is a leading global Internet brand with large valuable audiences, talented people, and leading monetization platforms with substantial scale. Yahoo! is one of the top two global online advertising companies and has leading positions in both search and display.
With a one-of-a-kind combination of assets including trusted consumer relationships with over 500 million users, #1 or #2 ranking online properties in major categories and valuable mobile and emerging market franchises, Yahoo! is well positioned for long-term success.
Our current Board and management team have consistently focused on maximizing stockholder value. They have proactively engaged in multiple discussions with Microsoft and at all times, publicly and privately expressed openness to a transaction. And they negotiated and signed an agreement with Google to accelerate our strategic plan.
Now, Yahoo! stockholders face a historic vote that will determine the Company’s future.
The choice for Yahoo! stockholders is clear: re-elect your experienced and dedicated Board with a clear strategy and a demonstrated commitment to create value for Yahoo! stockholders, or turn your Company and its uniquely valuable combination of assets over to Carl Icahn and his nominees and allow Microsoft and Mr. Icahn to dismantle the Company and deliver our search business to Microsoft on terms that would be disadvantageous to Yahoo! stockholders.
We strongly urge you to vote today for the re-election of the current Yahoo! Board of Directors.
END quote, and link to the yahoo page for all the input.
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