- GE, Vivendi deal paves way for NBC sale to Comcast
- eBay fined in France for selling upscale perfumes
- Police tap into ‘text-a-tip’ programs
- Lenovo buying back mobile phone business
- Google documents Iraqi museum treasures
- EU drops Qualcomm antitrust probe
- Barnes & Noble reports 2Q loss, cuts guidance
- Nokia to ax 220 R&D jobs in Japan
MOST SHARED
- Timeless and Time-Tested Warren Buffett Watch Predictions
- Goldman Sachs Party Ban: No Gatherings of 12 or More
- Should Homeowners Be Able To Walk Away From Mortgage?
- Dubai World Set to Restructure About $26 Billion of Total Debt
- Blue Nile CEO: 'We're Having the Best Cyber Monday Ever'
- Oil Demand Sees Year-Over-Year Rise, First Since 2007
- Nov. 30: Unusual Volume Leaders
- Treasury Threatens Banks, Not Borrowers
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Bove: 26 Banks May Need To Raise More Capital
- Tuesday's ISM in Focus While Bulls Call for Turn in Dollar
- GE, Vivendi Agree to Value NBCU Stake at $5.8 Billion
- White House to Crank Up Pressure on Mortgage Industry
- Treasury Threatens Banks, Not Borrowers
- Dubai World to Restructure About $26 Billion of Debt
- Cramer: Dubai Can’t Sink These 6 Dividend Stocks
- Good Sign for the Economy: 'Greed' Makes a Comeback
- Bove: 26 Banks May Need To Raise More Capital
- The World's Biggest Debtor Nations
Text Size 
Carl Icahn Monday fired off another letter savaging the board and management of Yahoo for failing in its growth plan, the latest volley in an escalating proxy battle the billionaire investor has staged at the Internet company.
 |
Shiho Fukada / AP Icahn |
] with his own nominees, including himself -- took aim at Yahoo CEO Jerry Yang, saying he has failed to come up with a suitable plan to beat back rivals including Google [GOOG
Loading...
()
]. "While Google's income from operations grew 59 percent per year for the last two years, Yahoo's income from operations shrank 21 percent," Icahn said in his latest salvo to Yahoo Chairman Roy Bostock.
"What was the board doing over this period? Where was their great plan? Why did you permit Google to leave you in the dust?" Icahn asked.
Later Monday, Yahoo filed its proxy statement for its Aug. 1 shareholder meeting with the U.S. Securities and Exchange Commission.
The Web company urged shareholders to reelect the current board of directors, including Bostock and Yang, and reject Icahn's slate.
Yahoo also said in the filing it expects to foot $12 million in proxy solicitation costs.
Shares of Yahoo were down 6 cents at $26.38 in afternoon trading on the Nasdaq.
Print
Email
- Ever wished your cab driver would stop chatting and just get to where you're going? Well, that moment is closer than ever.
- UPS is giving its customers the option to offset its carbon emissions when sending a package.
- Romania's presidential campaign has been rocked by a video that may show the president striking a 10-year-old boy.
- Raising alligators is hard work, and the fickle taste of rich consumers has just made it much harder, says the NY Times.
- A recent issue of ESPN Magazine was one of its top sellers ever, and it only took scantily clad athletes to make it happen.
- The continued real estate boom in China is partially fueled by a generational flood of newlyweds.
Data is a real-time snapshot *Data is delayed at least 15 minutes