proxy fight

Yahoo appointed former Viacom CEO Frank J. Biondi, Jr. and John H. Chapple, former CEO of Nextel Partners, to its board of directors, filling the two new seats created when activist investor Carl Icahn agreed to drop his proxy fight for control of the board last month.

Icahn is also a new board member.

Talk about anticlimactic: Billionaire investor and proxy war ninja Carl Icahn isn’t going to bother showing up to Yahoo’s shareholder meeting on Friday.

In a post, Icahn–newly muzzled courtesy of a deal he cut with Yahoo–writes: I will not be attending.

The proxy fight is over and it will not do shareholders or Yahoo!

Sam offers his take on the agreement between billionaire investor Carl Icahn and Yahoo. He says the latest development only settles the proxy fight, and now comes the big challenge–getting Yahoo’s newly expanded board to work together.

Yahoo and billionaire investor Carl Icahn have settled their looming proxy war. According to a statement, Yahoo’s board of directors will be expanded to 11 members and one of those seats will go to Icahn.

The two remaining seats will be filled based on recommendations from Icahn. In return, Icahn will drop his proxy contest.

Yahoo’s argument that billionaire investor Carl Icahn is a short-timer with no clear plan to run the company has won over a key investor.

Legg Mason. Legg Mason said Friday that it will vote for Yahoo’s slate of directors. Legg Mason owns 60.7 million shares, or 4.4 percent of the outstanding shares.

After taking a one-two punch from investor activist Carl Icahn and Microsoft on Monday, Yahoo CEO Jerry Yang threw a few punches of his own in an interview in The Wall Street Journal.

Yahoo's third largest investor offered up some advice Tuesday to the company's dissident shareholder Carl Icahn on what it may take to swing investor votes his way in a proxy fight, according to a Reuters report.

Legg Mason portfolio manager Bill Miller has this observation to offer to ...

Investor activist Carl Icahn needed a sign, a tangible sign, that Microsoft was still interested in buying Yahoo, or at a minimum, its search business, if he were to increase his chances of winning his proxy fight to unseat the company's entire board of directors.

And on Monday, in

...

Yahoo was hit with a one-two punch Monday--first a right jab from Carl Icahn, which is calling for the removal of Yahoo's entire board, and then a left hook from Microsoft, which confirmed its support for Icahn's proxy fight and said it's interested in negotiating a deal ...

Yahoo on Monday filed its shareholder pitch with the Securities and Exchange Commission as its proxy fight with activist investor Carl Icahn gathers steam.

Much of the presentation was designed to “correct the record” on everything from the company’s compensation plan to how the Microsoft bid went down.