NEW YORK, July 22 NY-Icahn-statement
NEW YORK, July 22 /PRNewswire/ -- Carl Icahn today issued the following
statement:
Mr. Icahn stated that in the next few days, he will respond to this
morning's article in the Wall Street Journal entitled "Icahn Ends Feud With
Yahoo, Setting Up an Uneasy Truce -- Blockbuster Saga Suggests Rocky Road
Ahead for New Board." The response will be made on his blog, The Icahn Report.
While he appreciated the Journal alluding to him as a "genius" -- The article
misses Mr. Icahn's basic thesis that having shareholder representation on
boards is exactly what our economy needs and the facts bear this out. Also,
the interview omitted several important quotes such as, "I am very much for
CEOs making a lot of money if they are doing a good job for shareholders and
the company, however it's unconscionable that a CEO receives a large bonus
when shareholders and the company are doing poorly." Additionally, today's
blog "How I Spent The Weekend" discusses the situation concerning Yahoo.
Subscribers to the blog have already been made aware of this information.
SOURCE Carl C. Icahn
