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The Illumina Shareholder Votes Are In, And Nobody Got What They Wanted

 
• By Barnaby Pickering

Carl Icahn was successful in ousting Illumina’s chair, however its CEO, Francis deSouza remains. Both analysts and investors believe this could further encourage Illumina to divest Grail.

• Source: Shutterstock

After weeks of back-and-forth accusations between billionaire “corporate raider” Carl Icahn and the board of sequencing-tech giant Illumina, shareholders finally got the chance to vote on the company’s future.

The vote decided who would occupy three seats on Illumina’s nine-member board. Icahn wanted to change the CEO, the chairman and the director of the board. Illumina countered by recommending that all shareholders vote "yes" to its current board

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