From the pinnacles of power by Fortune editor at large Patricia Sellers
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July 8, 2008, 4:08 pm

Power Point: Buck the trend

“The consensus thinking is generally wrong. If you go with a trend, the momentum always falls apart on you. So I buy companies that are not glamorous and usually out of favor. It’s even better if the whole industry is out of favor.”

–Activist shareholder Carl Icahn, from Fortune’s 2007 cover profile. Icahn is making headway in his battle to take control of Yahoo (YHOO), as Microsoft (MSFT) appears poised to serve as his ally–at least at this moment in the volatile drama.

Carl just keeps coming back. His heightened prey drive is similar to that of a shark that smells blood then goes in for the kill. Yang should be looking for his next gig.

Posted By Marsha Keeffer, Soquel, CA : July 9, 2008 6:30 pm
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Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
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