Editor’s Note: Dell Inc. (NASDAQ:DELL), Apple Inc. (NASDAQ:AAPL)
Dell: Icahn Suggests Mix of Tech Execs, Outsiders to Replace Board (Barron’s)
Dell Inc. (DELL) shares are currently down a penny at $13.70. Activist investor Carl Icahn, who is trying with the help of Southeastern Asset Management to block CEO Mike Dell‘s attempt to take the company private in a leveraged buyout, this morning filed a proxy statement naming 12 individuals, including Icahn himself, that they would nominate to replace the company’s board of directors should the special shareholder vote on September 12th fail to approve Dell’s transaction. Among the other nominees are one of Icahn’s managing directors at Icahn Capital LP, Jonathan Christodoro; former Lawson Software CEO Harry Debes; New York City “chief innovation officer” Rahul Merchant; Big Data startup FusionOps’s CEO Gary Meyers; venture investor Peter van Oppen, and A.B Krongard, the lead director for Under Armour (UA).
Carl Icahn and Southeastern Asset Management Inc. have a new nominee for the board of Dell Inc. (NASDAQ:DELL): A retired spy. The two shareholders filed their formal proxy filing nominating a dozen men — and they are all men — for the board of the computer and technology company. The two had first listed their candidates in May but had to wait for the company to set an annual meeting date before officially nominating them. Only one change was made to the roster. Now on the list is A. B. “Buzzy” Krongard, a 76-year-old former executive director of the Central Intelligence Agency, a role that put him in charge of running the spy agency on a day-to-day basis. Before that, Mr. Krongard was a long-time investment banker.
When Carl Icahn Tweets, People Listen (CIO Today)
Billionaire financier Carl Icahn’s use of Twitter to disclose his position in Apple Inc. (NASDAQ:AAPL) is going to be used as a blueprint by companies, investors and Wall Street firms for the rest of this decade, if not longer. Here’s why: Apart from the fact that it boosted Apple Inc. (NASDAQ:AAPL)’s market value by about $20 billion — making it one of the most-profitable tweets yet — the Icahn approach to Twitter toed the line on U.S. securities laws.
Getting to the core of Apple (CNBC)
Strine Deals Icahn Blow, Paves Way For Dell Buyout (Law360)
A Delaware judge on Friday rejected Carl Icahn’s efforts to force Dell Inc. (NASDAQ:DELL)’s board to reschedule its annual meeting, dealing what is likely a fatal blow to his crusade against the company’s $25 billion buyout. Chancellor Leo E. Strine Jr. said Dell’s board was within its authority to schedule its annual director elections for mid-October, a month after a shareholder meeting where the deal is now likely to be approved after some last-minute changes to the price and voting rules.
