T. Boone Pickens sells off his Yahoo shares at a loss
| July 30th, 2008 | ||
| 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;
Related Entities: BP Capital Commodity Fund.;
View Comments (3) | Add a Comment |
3 Comments
by BF Davies on March 31st, 2009
Any color on what T. Boone is up to these days?
by Wall Street Wiz on March 24th, 2009
Looks like he was right, just Yahoo who was wrong
by Arthur on August 19th, 2008
Shows what happens when you jump on the bandwagon before understanding the fundamentals. Ichan is right a lot, but not all the time.
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