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Yahoo Response to Icahn: You're Not the Boss of Me!

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Below for your reading enjoyment we offer the full text of the Yahoo! Inc. Statement on Carl Icahn's Letter of June 6, 2008.

Yahoo! Inc. (YHOO) today issued the following response to Carl Icahn in response to his letter dated June 6, 2008:

Leaving aside Mr. Icahn's inaccurate interpretation of our retention
plan, we again note that he has no credible plan to operate Yahoo!.
We believe that Mr. Icahn's suggestion that we cancel our retention
plan would have a destabilizing impact on Yahoo! and would clearly
not be in the best interests of our shareholders. Furthermore, his
suggestion that we put out a price publicly to see if Microsoft will
alter its stated position is ill-advised. As we have stated numerous
times publicly and privately, we are open to any transaction
including a sale to Microsoft if it is in the best interests of
shareholders.


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