Yahoo Chair Hits Back at Icahn

Says corporate raider 'grossly' distorted, lacks 'credible plan' other than Microsoft sale
By Rob Quinn,  Newser Staff
Posted Jun 5, 2008 9:38 AM CDT
Yahoo Chair Hits Back at Icahn
The battle for Yahoo's board is heating up ahead of the company's general meeting, where Carl Icahn is aiming to unseat the entire board.   (Getty Images (by Event))

The chairman of Yahoo's board was quick to fire back at accusations leveled by Carl Icahn yesterday, reports the New York Times. An open letter from Roy Bostock to the corporate raider said Icahn's claim that Yahoo's board had sabotaged a Microhoo deal grossly distorted the board's position, and went on to trash Icahn's "puzzling" plans for Yahoo.

"Conspicuously absent from your letter is any credible plan for Yahoo other than a repetition of your insistence that the company should sell itself to Microsoft," Bostock wrote, emphasizing that the board had tried to do just that and Microsoft was no longer interested. With Yahoo's entire board up for re-election at its August 1 meeting, the war of words looks set to heat up. (More Carl Icahn stories.)

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