Icahn letter highlights Mentor CEO's pay
EETimes (4/22/2011 9:10 AM EDT)
LONDON – Billionaire investor Carl Icahn has written an open letter to the shareholders of EDA software licensor Mentor Graphics Corp. attacking the performance of the board, highlighting the CEO's pay and arguing that a board including his nominees need not be focused solely on selling the company.
The letter is part of a battle for control being waged by Icahn and the current board of directors ahead of Mentor's annual shareholder meeting, currently set for May 12. The letter, calling for shareholders to vote for Icahn's three nominees to become directors of the company, follows on from the Mentor board's rejection of a $1.9 billion takeover bid from Icahn.
To read the full article, click here
Related Semiconductor IP
- UCIe D2D Adapter & PHY Integrated IP
- Low Dropout (LDO) Regulator
- 16-Bit xSPI PSRAM PHY
- MIPI CSI-2 CSE2 Security Module
- ASIL B Compliant MIPI CSI-2 CSE2 Security Module
Related News
- Icahn increases stake in Mentor to 15%
- Mentor Graphics Confirms Receipt of Unsolicited Conditional Proposal from the Icahn Group
- Mentor urges shareholders to nix Icahn proxy
- Icahn turns up heat on Mentor's board
Latest News
- Arasan Announces immediate availability of its UFS 5.0 Host controller IP
- Bolt Graphics Completes Tape-Out of Test Chip for Its High-Performance Zeus GPU, A Major Milestone in Reducing Computing Costs By 17x
- NEO Semiconductor Demonstrates 3D X-DRAM Proof-of-Concept, Secures Strategic Investment to Advance AI Memory
- M31 Collaborates with TSMC to Achieve Tapeout of eUSB2V2 on N2P Process, Advancing Design IP Ecosystem
- Menta’s eFPGA Technology Adopted by AIST for Cryptography and Hardware Security Programs