Carl Icahn Wins Seat On Forest Labs Board
August 15 2012 - 12:07PM
PR Newswire (US)
NEW YORK, Aug. 15, 2012 /PRNewswire/ -- Carl Icahn
today made the following statement on Forest Labs (NYSE: FRX):
I am very pleased with the tremendous support that my nominee,
Pierre Legault, obtained from
shareholders in winning a seat on the Forest Board. Sadly,
our proxy system is set up in such a way that the deck is stacked
heavily in favor of incumbent management in proxy contests. THIS
IS TRUE PARTICULARLY AT FOREST, where a few shareholders with
upwards of 25% of the outstanding shares seem to vote in favor of
management no matter how bad the company is performing and how bad
its corporate governance is. That is why today's victory is not
only surprising, but I hope and believe that the shareholder
message sent will be the first step in bringing good corporate
governance to this great company – something that has been lacking
for decades.
I wish to thank all the shareholders who supported us, as well
as the great team that fought many hours each day to bring about
this victory.
SOURCE Carl Icahn
Copyright 2012 PR Newswire
Forest Road Acquisition (NYSE:FRX)
Historical Stock Chart
From Aug 2024 to Sep 2024
Forest Road Acquisition (NYSE:FRX)
Historical Stock Chart
From Sep 2023 to Sep 2024