Yahoo, Icahn settle proxy fight: Icahn gets board seat

Courtesy ZDNET - Between the Lines  Mon, 07/21/2008 - 6:28am

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.

The Icahn-Yahoo [...]


Tags:

 

More related items

Yahoo's board (the Carl Icahn version) holds first meeting
Yahoo holds its first board meeting with former proxy fight adversaries Carl Icahn and two of his members--without any fireworks or DOJ...

Yahoo announces Icahn’s board members
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...

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

Icahn set to release his final Yahoo slate
In the coming days, Yahoo investors should expect to see shareholder activist Carl Icahn filing the final version of his proxy, indicating to what...

Jerry Yang issues letter to troops, as Yahoo gears up for proxy...
With billionaire investor Carl Icahn launching a proxy fight Thursday to unseat Yahoo's board of directors, Yahoo CEO Jerry Yang issued a letter to...


 

Post new comment

The content of this field is kept private and will not be shown publicly.