Yahoo !: cancer and pike agreed
In the protracted opposition of billionaire Carl Icahn and the board of directors of the Internet giant Yahoo! there was a period of detente. A press release issued on Monday announces the decision of the company's board to expand its membership in order to represent at least two of the forces that have been dragged out of it in recent months. Icahn, all this time convincing shareholders to re-elect the Board entirely and agree to Microsoft’s offer to sell Yahoo !, received so long a desirable seat on the Board. And the current leadership has got a chance to discuss internal problems without removing litter from the house, without putting its strategy at risk of meeting with the opinion of the crowd of shareholders.
At the forthcoming August 1 annual meeting of shareholders, the issue of re-election of the Board of Directors will be raised, but now there is almost no doubt that its composition will not change much. 8 out of 9 current members nominated for re-election (including Yahoo! CEO Jerry Yang), one will be taken by Karl Icahn, and two more by people from his recommended list of 9 people (including former AOL head Jonathan Miller (Jonathan Miller)). The number of directors will thus be brought to 11.
Karl Icahn today owns a 5% stake in the company (without two hundredths), but his active position has worried and the holders of much more impressive packages. Many experts are already rushing to link his appearance on the board with big changes in the future. It is, in particular, about getting rid of Asian assets Yahoo! and personnel changes. What, ultimately, should raise the value of the company, or at least just its search business, for the sale of Microsoft.
In the comments to Reuters, Icahn said that he was “happy” with such attention to his position and to the wise decision not to make hasty refusals of interesting proposals. While pretending to be a winner, Karl nevertheless cannot but realize that everything could have turned out for him and was not so rosy, as recently the holders of which are almost the same as his shareholders began to openly declare your support for the current board. “It did a poor job, but unfortunately, really good Internet managers are not lining up at the door to accept this challenge,” explains analyst Ross Sandler.
')
Commentators disagree on the role of such a decision in the fate of one of the few Internet companies that can still restrain the expansion of Google. A plus is undoubtedly the fact that Yahoo! There is a chance to stop rushing from side to side and choose a certain path. On the other hand, this chance depends entirely on whether the new Council succeeds in reaching an agreement within itself. Moreover, a similar situation, as a result of which Icahn last year dragged its people to the board of Motorola, did not save the latter from falling into a deep crisis, in which it remains now.
At the forthcoming August 1 annual meeting of shareholders, the issue of re-election of the Board of Directors will be raised, but now there is almost no doubt that its composition will not change much. 8 out of 9 current members nominated for re-election (including Yahoo! CEO Jerry Yang), one will be taken by Karl Icahn, and two more by people from his recommended list of 9 people (including former AOL head Jonathan Miller (Jonathan Miller)). The number of directors will thus be brought to 11.
Karl Icahn today owns a 5% stake in the company (without two hundredths), but his active position has worried and the holders of much more impressive packages. Many experts are already rushing to link his appearance on the board with big changes in the future. It is, in particular, about getting rid of Asian assets Yahoo! and personnel changes. What, ultimately, should raise the value of the company, or at least just its search business, for the sale of Microsoft.
In the comments to Reuters, Icahn said that he was “happy” with such attention to his position and to the wise decision not to make hasty refusals of interesting proposals. While pretending to be a winner, Karl nevertheless cannot but realize that everything could have turned out for him and was not so rosy, as recently the holders of which are almost the same as his shareholders began to openly declare your support for the current board. “It did a poor job, but unfortunately, really good Internet managers are not lining up at the door to accept this challenge,” explains analyst Ross Sandler.
')
Commentators disagree on the role of such a decision in the fate of one of the few Internet companies that can still restrain the expansion of Google. A plus is undoubtedly the fact that Yahoo! There is a chance to stop rushing from side to side and choose a certain path. On the other hand, this chance depends entirely on whether the new Council succeeds in reaching an agreement within itself. Moreover, a similar situation, as a result of which Icahn last year dragged its people to the board of Motorola, did not save the latter from falling into a deep crisis, in which it remains now.
Source: https://habr.com/ru/post/29700/
All Articles