Carl Icahn says Netflix's adoption of poison pill 'poor corporate governance'

theflyonthewall.com

Icahn said, "This morning the issuer (Netflix) announced its adoption of a poison pill. The reporting persons (Icahn) believe any poison pill without a shareholder vote is an example of poor corporate governance, and find the pill Netflix just adopted is particularly troubling due to its remarkably low and discriminatory 10% threshold. We also note that Netflix is one of the few companies that continues to ignore the fact that the shareholders have strongly expressed their wishes through a majority vote to de-stagger its board. As one of the company’s largest shareholders we are concerned about the poor corporate governance at Netflix that these and other actions reflect."

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