Oshkosh Shareholders Prevent Billionaire Investor from Gaining Six Board of Directors Seats
Oshkosh Corp. shareholders prevented billionaire investor Carl Icahn from gaining six of the 13 seats on the company's board of directors.
During its annual meeting on January 27, Oshkosh Corp. shareholders voted on the company's board of directors and prevented billionaire investor Carl Icahn from trying to shake up the company.
Preliminary results show 12 of the 13 nominees were elected during the meeting, with one vote still too close to call. Icahn had nominated six candidates for the board in an attempt to influence changes to the company, such as merging with Navistar International Corp., in which Icahn also owns stock.
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