Legg Mason sides with Yahoo in Icahn proxy fight

Courtesy ZDNET - Between the Lines  Fri, 07/18/2008 - 8:18am

Yahoo’s argument that billionaire investor Carl Icahn is a short-timer with no clear plan to run the company has won over a key investor.

Legg Mason. Legg Mason said Friday that it will vote for Yahoo’s slate of directors. Legg Mason owns 60.7 million shares, or 4.4 percent of the outstanding shares.

However, there is a [...]


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