Icahn Exits Yahoo’s Board of Directors

Activist investor says he is “focused on other matters.”

Last Updated: October 23, 2009 @ 4:59 PM

Billionaire financier Carl C. Icahn said late Friday that he was resigning as a director of Yahoo, saying the board no longer needed an activist investor.

Mr. Icahn said that his attention was “focused on other matters” and that he did not have the time to concentrate on Yahoo’s business.

Read more in the New York Times.