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Commissioner Silva demanded that the board select one of Wiss, Janny's repair proposals.
He has promised that by January 2002, he will help the board select a successor to serve as president and C.E.O.-in-waiting for two years.
She was selected despite the strong recommendation by the university chancellor, Matthew Goldstein, that the board select someone with experience in managing a large organization like Hunter, which has 20,000 students and is one of the largest and strongest of City University's 11 four-year colleges.
"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, who has plundered the henhouse, to choose another fox to assist it in standing guard over the remaining hens," Mr. Icahn wrote in the letter.
"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, who has plundered the hen house, to choose another fox to assist it in standing guard over the remaining hens," Mr. Icahn wrote.
"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, who has plundered the hen house, to choose another fox to assist it in standing guard over the remaining hens," Mr. Icahn wrote in the letter.
Similar(52)
The board selects its chairman.
The oversight board selects its own members and is largely financed by the industry.
The nine-member board selected Mr. Potter to succeed William J. Henderson, who will step down on May 31.
After being reinstated, the board selected a candidate that was then rejected by Mr. Levy.
The board selected Richard L. Sharp, he company's president, to become chief executive.
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