One particular talking point they’ve been hitting over and over: Carl Icahn isn’t a “shareholder activist” — he’s a speculator who knows nothing about tech and has no plan to do anything other than flip or carve up Yahoo. Their latest salvo: He’s bad at speculating, too.
Here’s their argument, laid out in a single page of Yahoo’s 34-page (!) presentation released today. By Yahoo’s reckoning, Carl has gotten mixed up in 15 public companies since 2004; only three of them have seen their stock move up and stay up since he started buying. Carl, we await your rebuttal.
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