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May 15, 2008

Yahoo: Carl and Cuban, Sitting in a Tree, etc.

Nicely direct and non-nuanced letter from Carl Icahn to the malingering Yahoo board this morning. Carl minces no words, telling them that they have failed in their responsibilities to shareholders, and that he has been urged by some of those shareholders to do something about it.

You can find the letter and the list of proposed board nominees here, including Mark Cuban, the purchase of whose Broadcast.com marked the first stage of Yahoo's stock peaking in the public markets. Wonder if Carl has read Cuban''s "how to wax Google" post?

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