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May 15, 2008

Carl Icahn Has Brass Cajones

Brass_balls Earlier today, Carl Icahn sent a letter to the Yahoo! Board of Directors which said, in effect, "You are now my bitch". 

To summarize, Icahn called the Board a bunch of incompetent dreamers who "completely botched" (his words, not mine) the Microsoft deal to protect their own asses, and, in doing so, took part in a massive breach of fiduciary duty, much to the detriment of shareholders. 

Its about damn time someone (other than crazy person Steve Ballmer) called Jerry Yang et. al. out on their smug B.S.  Read the letter in the SEC filing, its a shining example of how clearly and succinctly tell a BOD that they suck, hard.

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It's Cojones. Got 'em?

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