JetBlue Appoints Members from Carl Icahn's Firm to Board, Avoids Proxy Fight

Activist investor Carl Icahn's firm, Icahn Enterprises, will have two representatives joining JetBlue Airways' board, as the airline strives to avoid a proxy fight. Icahn recently revealed a 10% stake in the company, which has seen a decline in value over the past couple of years.
Jesse Lynn and Steven Miller, from Icahn Enterprises, will initially serve as non-voting board observers before becoming full voting members after the annual stockholders' meeting. This move will expand JetBlue's board to 13 directors, a majority of whom are independent.