Carl Icahn exiting Yahoo board

Lauds new CEO Carol Bartz

NEW YORK -- Activisit shareholder Carl Icahn said late Friday he is leaving Yahoo's board to focus on other companies.

In a statement, he said there is "not a need at this time for an activist investor."

He lauded CEO Carol Bartz for doing "a great job" and said a recent search and ad deal with Microsoft has great potential "which many still do not understand."

Icahn grabbed a board seat last year before Bartz took over.

Icahn has invested in various media and entertainment companies and pushed an activist agenda at such firms as Time Warner and Lionsgate.
comments powered by Disqus