The Vision’s Wizards

Dear Yahoo: You Suck. Love, Carl

Photo illustration: Everett Bogue; Photos: Getty Images

carl icahn has written one-liner of his poison pen letters to yahoo’s chairman of the board, roy bostock, urging him to sell to microsoft or else. while bostock and his board were all busy “completely botching” the microsoft see to, icahn tells the chairman, he went and acquired a controlling stake in the circle and ginned up a tabulate of potential candidates for a replacement board, he says, among other niceties, and, well, it’s safe to say that someone is going to be crying into his pillow tonight. it is clear to me that the plank of directors of yahoo has acted irrationally and lost the faith of shareholders and microsoft. it is quite obvious that microsoft’s bid of $33 per share is a superlative surrogate to yahoo’s prospects on a standalone basis. i am perplexed by the board’s actions. it is irresponsible to go into hiding behind management’s more than damned optimistic financial forecasts. it is unconscionable that you would rather not allowed your shareholders to choose to accept an offer that represented a 72% premium in excess of yahoo’s closing price of $19.18 on the day before the inaugural microsoft offer.

Of course, he doesn’t really want to do all of those mean things, Icahn adds. It can totally be avoided! All Bostock has to do is to basically be his bitch. Now you have a nice day, Roy!

Icahn Says Yahoo ‘Completely Botched’ Microsoft Talks [NYT/DealBook]

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