BEA Systems (NASDAQ: BEAS) finds itself defending its rejection of Oracle's (NASDAQ: ORCL) takeover offer of $17 per share as the stock plummets -- and with good reason. Take a look at the chart comparing the return BEA Systems has provided for its shareholders, and compare it with the return Carl Icahn's company, Icahn Enterprises (NYSE: IEP) has provided. Note: Icahn Enterprises recently changes its name and ticker from American Real Estate, ticker ACP to IEP. The ticker used in the chart is ACP.
Having looked at the chart, ask yourself: Who was better poised to make a decision about shareholder value? The company's outside shareholders including Mr. Icahn, or an entrenched management team that has simply failed to generate value?
Having looked at the chart, ask yourself: Who was better poised to make a decision about shareholder value? The company's outside shareholders including Mr. Icahn, or an entrenched management team that has simply failed to generate value?
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