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It's Official. Icahn's on the Yahoo Board

He is expected to exert pressure on Yahoo CEO Jerry Yang to step down
By Maureen O'Gara
Article Rating:
August 7, 2008 07:15 PM EDT
Reads:
 2,464

Microsoft hugger Carl Icahn is now officially on the Yahoo board. Under the deal that ended his proxy fight, two more directors from Icahn's original "oust-the-incumbents" proxy slate are supposed to be elected by mid-month.



The list was supposed to include ex-AOL CEO Jonathan Miller but Time Warner is enforcing his non-compete. The troika is expected to exert pressure on Yahoo CEO Jerry Yang to step down and on Yahoo to do a deal with Microsoft. Eight of the old guard remain.

Published August 7, 2008 – Reads 2,464
Copyright © 2008 SYS-CON Media, Inc. — All Rights Reserved.
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Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

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