Yahoo On Icahn: Seriously, Why Would You Ever Trust This Spent, Doddering Old Man?

Don’t know why it took this long, but Jerry Yang and company are finally launching a media blitz, one that we think is doing an effective job of making their case.

(UPDATE: Now that Bill Miller has joined his side, Jerry’s basically taking a victory lap. Check out this video address to his troops.)

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.


See Also: Yahoo’s Latest Pitch: Carl Is Clueless, Microsoft Isn’t Serious
Yahoo Makes Its Case

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