Yahoo Uses Home Page to Lobby Against Icahn

By Nancy Gohring

Fri, July 18, 2008 — IDG News Service —

Yahoo has added a button on its main Web site linking to a page that lobbies shareholders to vote against Carl Icahn's plans for the company, stepping up its rhetoric in the days leading up to its annual meeting.

The page, reached via a button that reads "Your Yahoo! Your Vote," clearly tries to discredit Icahn, who has proposed a new board of directors for Yahoo in hopes of facilitating a deal with Microsoft.

Featured on the page is a chart listing companies that Yahoo says Icahn has been involved with and noting how the stock price of each of the companies has changed since his involvement, dating back to 2004. According to Yahoo, of the 15 companies on the list, all but three have seen their stock prices decline. The companies include struggling concerns such as Motorola and Blockbuster.

In bold type at the very top of the page, Yahoo quotes Icahn from a Wall Street Journal article as saying, "It's hard to understand these technology companies," in an apparent attempt to portray Icahn as unable to make an informed plan regarding a technology company like Yahoo.

The site links to Yahoo press releases, letters to shareholders and information about how shareholders can cast their votes.

Yahoo plans to hold its annual meeting on Aug. 1. Its entire board of directors is up for re-election at that time, as is a new board proposed by Icahn. The activist investor has said that if his board is elected, Microsoft has agreed to consider a transaction that would include buying Yahoo's search business.

On his blog, Icahn has not reacted to the new Yahoo Web page, but to date he has been quite clear about his intentions and how he feels about Yahoo's current leadership. Earlier this week, he issued an open letter to shareholders that said: "Our company is on a precipice and our board seems ready to take the risk of seeing it topple." That letter was written in response to an earlier letter Yahoo sent to shareholders that was critical of Icahn's plans.

Large institutional shareholders are beginning to publicly take sides in the dispute. Legg Mason, which owns 4.4 percent of Yahoo's stock, said on Friday that it plans to back Yahoo's slate of candidates for the board.

Loading...
Network MarketSpace
White Papers
The Challenge of a Demanding Network Infrastructure
Today's data centers are expanding as demand for data and storage continues to grow exponentially. Learn more »
Reduce Infrastructure and Administrative Costs
The Brocade® FastIron® CX Series of switches provides new levels of performance. Learn more »
A New Generation of Application Delivery Controllers (ADCs)
Learn more about Brocade® ServerIron® intelligent application delivery and traffic management solutions. Learn more »
Want to Offer a Superior User Experience?
Control a "boundary-less" enterprise with scalable solutions. Learn more »
Realize Potential Without Increasing Your Risk
Combining Brocade's high-performance infrastructure and McAfee's Web gateway solution ensures trusted environments. Learn more »
Brocade and Imperva: Providing Best-of-Breed Products
Web applications have become the backbone of business in nearly every segment of the economy. Learn more »
 
SPONSORED LINKS
 

Maximizing the Business Value of the PC Infrastructure

Enterprise PBX Comparison Guide

Getting Value from Outdated Networking Equipment

Seven Ways ITIL Can Help You in an Economic Downturn

Data Loss Prevention: A Better Way to Approach Security

Learn how to managing client systems in the enterprise.

Cloud Computing: Read about VMware's compelling vision & set of products

Top-line Performance that's Bottom-line Efficient

Accenture: Outsourcing for uncertain times. Click to learn more.

White Paper: 8 Key Ingredients to Building an Internal Cloud

Read about virtualization and consolidation effort best practices

Building the Virtualized Enterprise with VMware Infrastructure

Top 10 Business and IT Drivers for the Wealth Management Sector

Bottom-Line Benefits of Virtualization

White Paper: The Building Blocks for Cloud Computing

Oracle's Application Grid Technical Demo

Next-Generation Application Servers and Infrastructure

Application Infrastructure at Enterprise Organizations

Achieving Business Agility with Application Grid

Learn about The Information Technology Infrastructure Library.

Achieving Pervasive Performance Management

Automating the Generation and Secure Distribution of Excel Reports

Reduce risk, gain agility. See how Progress can help your business.

Improve ROI, lower TCO and reduce energy consumption.

Introducing the new HP ProLiant G6 server family

Enterprise PBX Buyer's Guide

Secondary Market Primer: Your Network at Half Price

Taking the Service Desk to the Next Level

Why Data Loss is Increasing--and What You Can Do About It

Communications and Collaboration Needs at Business Organizations

Using Open Source to Deploy Web Applications

Mid-Sized Company CIO Community: infoBOOM!

Accenture IT Consulting: Logical meets technological. More . . .

Stop Application Fraud at the Source with Device Reputation

Learn about the VMware vSphere (TM) & Intel (R) Xeon (R) Processor 5500 Series

Learn how a virtualized enterprise can help your company reduce costs

Why Isn't Server Virtualization Saving Us More?

8 Key Ingredients to Building an Internal Cloud

Data Center Optimization: Three Key Strategies

A CIO Executive Guide: Cloud Computing Looms Big on the Horizon

Oracle WebLogic Server Technical Demo

Data Grids and Service-Oriented Architecture

Achieving the Impossible: Unlimited Application Scalability

A Middleware Foundation for Application Grid

Tips for successful virtualization management.

Smart Decisions: The Role of Key Performance Indicators

Gartner Shares Predictions for 2009

64-page prescriptive guide to security, compliance, and IT operations.

Get Google Enterprise Search for your business information.

Accenture IT Consulting: Enabling high performance. More...

 
 
RESOURCE CENTER