Carl Icahn Refuses To Attend Yahoo Shareholder Meeting

Michael Learmonth | July 31, 2008 4:05 PM

carl-icahn-chicago.jpgHe's about to become a Yahoo (YHOO) board member. He owns 5% of the company. Yet Carl Icahn, who led a proxy fight to replace Yahoo board and management, won't be attending the annual shareholder meeting tomorrow. Why? In a blog post, he says "it will not do shareholders or Yahoo any good to have the annual meeting turn into a media event for no purpose."

Please. Since when has Carl shied away from media events?

And is causing a "media event" really a good excuse not to attend the meeting? Is Icahn planning at least attend the meeting by telephone? He attended Motorola's (MOT) annual meeting in Chicago last May (pictured). And how about future Yahoo board meetings? We called Carl's office for comment. If we get one, we'll let you know.

See Also:
Icahn: Corporate Boards Are Incompetent And Journalists Their Lapdogs
Icahn To Start Blogging More Now That Yahoo Proxy Fight Is Over
Yahoo, Icahn Settle: Carl Gets 3 Seats, Agrees To Shut Up

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27 Comments

MiddleMarketMillionaire said:
Learmonth, this story wreaks of spin.

The thing is being webcast so he can watch. He isn't a director yet so he really has no obligation to be there IMO (my counter spin).

http://yhoo.client.shareholder.com/events.cfm?CalendarID=4

Net-Net, management should have jumped at $31.

No amount of spin will make shareholders forget.
frustrated said:
Exactly, what a b.s. post, do you get paid by the story?
PRide said:
Kudos to Yahoo PR...

Keep planting; you're earning your paychecks!
I doubt management will miss him
FM said:
YHOO got what they deserve - a pre-MSFT stock price.
Jeff said:
Ironic. The man who loves to cause a scene is trying to avoid causing a scene. Cop out.
Vivi Nevo said:
Does this mean that Steve Ballmer is not going to walk in to the meeting and hand Icahn $33 a share for the whole company?

He makes the Blockbuster management fly to NY to meet with him. A lazy old rich guy. ,,,And he thinks YHOO's existing board sucks. He is trying to balance--his personal desire to stay in New York and his obligation to the YHOO shareholders. Easy--stay in NEw York. F the shareholders. He only cares about himself and f it if everyone knows it. Get over it.

The parallels with Blockbuster are just beginning.
Steve said:
Comeon' SAI you're venturing into VALLEYWAG territory here.
Gordon Crawford said:
I still would have voted for Icahn. I am very mad.
Jessica Simpson said:
I don't understand the SAI derision for this story.

Icahn is a dick. Ask Jerry Yang.

He is going to prove it again quickly at YHOO. Maybe SAI could do a Hustler like penis meter for each proof of the above.

SAI should also start a clock to countdown the days from the board meeting until the MSFT offer.
It will start tomorrow and then be on the site forever because that offer is never ever going to happen.
Robert said:
The fix is in and Icahn knows what it is. No need to travel at this time. Check will be sent via US Mail.
Carl Icahn said:
Have you guys seen the price of airfare? Plus, I don't get paid for meetings until I am on the board. Come on, cut me some slack - I just lost my shirt on the stock.

:)
dj said:
Msft will offer 30billion cash,so Carl,legg,jerry will be holding this dog for along long time.
Carl Ichan said:
Times are tough... I'll be the one in the audience with the sign reading:


Will bitch for boardseat!


Hey - it's an honest living.
MGA (URL) said:
I am not worried about Carl Icahn. I am worried about the annual meeting. Board doesn't approve for the merge with MS, on the other hand shareholders want it to happen! Most of the employees are ready to quit in case of merging! But if they don't merge, Google will keep its dominant position. It is already messed up, and i don't find any point by creating another mess by not attending this meeting!
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