T. Boone Pickens sells off his Yahoo shares at a loss

July 30th, 2008
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T. Boone Pickens sold off the 10 million Yahoo shares that he bought in May at a loss. He claimed he got tired of waiting for Yahoo's board to revaluate their rejection of Microsoft's offer to buy out all and then part of the company. Mr. Pickens has been very critical of the Yahoo board stating that he felt that Yahoo management was `pathetic.' Mr. Pickens stated on CNBC that he was not familiar with proxy contests and that he invested in Yahoo! in support of Carl Icahn. Mr. Pickens made his billion dollar fortune on a series of oil buyouts in the 1980s.
For Detailed Investor Profiles on these Investors, click below:
BP Capital Management
Icahn Associates (Carl Icahn)
Related People: Alex Szewczyk; Alexander J. Denner; Brett Icahn; Carl Icahn; Keith A. Meister*; Robert L. Stillwell; Ronald D. Bassett; T. Boone Pickens
Related Entities: BP Capital Commodity Fund.; BP Capital Equity Fund; High River Limited Partnership; Icahn Partners; Icahn & Co Inc; Icahn Associates; Icahn Enterprises (formerly American Real Estate Partners); Icahn Fund Ltd; Icahn Partners LP; TBP Investments Management, LLC

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