Yahoo! and Icahn makes an Agreement
July 21st, 2008Yahoo! & Ichan have come to an agreement a few weeks ahead of the upcoming shareholders meeting. It was expected that the meeting would result in a contentious battle between Yang and his board and Carl Icahn and his supporters. Icahn had proposed ousting the entire Yahoo! board and replacing them with his own suggested group. However Yahoo! And Icahn agreed to expand its board to 11 members. Icahn and two new members will join the board while current director Robert Kotick will step down. The two new members are expected to be from the pool of board members recommended by Icahn.
Paul Lee
Director of Online Marketing
LeadQual - Search Engine Marketing
