Icahn Wins, but Shareholders Still Lose By Jim Cramer About this article: Inside the tent and compromised? That's how I feel about Carl Icahn being asked to join the Yahoo! board. But that's pretty much what had to happen when you take the proxy route and not the takeover route. Think about the difficulty that Carl Icahn faced. If he says no to the board, he looks like just a long-winded raider, who by the way DID NOT HAVE THE VOTES, courtesy of the insiders plus Bill Miller, the beleaguered Legg Mason manager with the giant Yahoo! position. Without the votes, what's the point? He accomplishes nothing. Inside, he can see what's really going on and agitate for a sale. He will fail, of course. But he would fail either way, because he doesn't have the money to do more than he has done. Yahoo!, with Icahn on the board, becomes a turnaround play, kind of like eBay ,... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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