Friday, October 23, 2009

Yahoo: Carl Icahn Says His Work Is Done, Resigns From Yahoo’s Board

What would be the forecast for the stock? Hard to say

"It’s hard to determine whether Icahn is throwing in the towel on Bartz or this is actually a vote of confidence. If he really believes in where Bartz can take the company after the search deal is done, then you’d think he’d keep his board seat to have a stronger influence on the company’s direction. But Icahn has always been a transaction-oriented investor. He tries to push companies to do things that will move the stock in a big way, and then he takes his profits and he leaves."

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