[WINDOWS]Lose-lose: Icahn drops proxy fight, Yahoo puts him on board

Discussion in 'Windows/*nix' started by FSOwner, July 22, 2008.

  1. FSOwner

    FSOwner FS Owner

    The agreement will see Icahn withdraw his slate of alternate candidates for the Yahoo board. In exchange, board member Robert Kotick will resign to free up a seat that will be taken by Icahn; Kotick can presumably focus on his role as part of Activision's board. After the August shareholder's meeting, Yahoo will expand its board by two seats, to 11 members; both of the new seats will be filled by candidates of Icahn's choosing.

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