Yahoo is firing back at the billionaire investor who called for its board of directors to be removed.
Carl Icahn sent a letter to Yahoo executives yesterday saying the board “acted irrationally and lost the faith of its shareholders” during its broken down takeover talks with Microsoft. Icahn went on to nominate 10 of his own replacements for the leaders.
Today, Yahoo questioned Icahn’s understanding about the failed Microsoft deal and insisted its board is the “best and most qualified group” to helm the organization. You can read the entire letter below.
Read this doc on Scribd: Yahoo’s response to Icahn