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MICROSOFT CORP (MSFT) 29.62 -$0.16 (-0.54%) 05:05AM (15 mins delay)

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Icahn Should Give Up Running Other People's Money

Oct 28, 2009 - 4:08 PM EDT

After a string of disastrous investments and his departure from Yahoo!'s (YHOO) board last Friday, it's time for Carl Icahn to hang it up running other people's money. Here's why.

Icahn's decision to leave the Yahoo! board comes a year after mounting a costly and distracting proxy contest to get elected. That's his right, of course. After all, investors in his Icahn Partners hedge fund were the ones who footed the bill for his efforts.

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Source: Seeking Alpha (Oct 28, 2009 - 4:08 PM EDT)