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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Travis_Bickle who wrote (127079)6/4/2008 4:33:29 PM
From: PerspectiveRespond to of 306849
 
Quite the mix of performance in HGX today:

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`BC



To: Travis_Bickle who wrote (127079)6/4/2008 5:40:17 PM
From: Jim McMannisRespond to of 306849
 
Icahn tells Yahoo board to scrap severance plan

news.yahoo.com

SAN FRANCISCO - Activist investor Carl Icahn escalated his attacks on Yahoo Inc.'s beleaguered board Wednesday in an acerbic letter demanding the directors scrap an employee severance plan that drove up the potential costs of a Microsoft Corp. takeover.

If Yahoo's board clings to the severance plan, Icahn indicated he will follow through on his 3-week-old threat to ask shareholders to fire the board at the Sunnyvale-based company's Aug. 1 annual meeting.

That move would also target Yahoo Chief Executive Jerry Yang, who co-founded the Internet pioneer 14 years ago and pushed for the adoption of the severance program, which could trigger more than $2 billion in costs if Microsoft pulled off a successful takeover.