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Yahoo Management ‘Pathetic’

By Anna Johnson on July 30th, 2008

So said T. Boone Pickens, who has just sold his entire 10 million share stake in Yahoo.

Mr Pickens bought shares in Yahoo in May in support of fellow investor Carl Icahn’s plans to oust the Yahoo board and sell all or part of the company to Microsoft.

Since Mr Icahn decided that if he couldn’t beat them, he’d join them (the Yahoo board that is) Pickens may have seen little point in maintaining his stake.

Sources: Nathania Johnson, “T. Boone Pickens Sells Entire Yahoo Stake, 10 Million Shares”, Search Engine Watch, July 29, 2008

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