Icahn Jimmies Into Yahoo Boardroom
Yahoo and activist investor Carl Icahn have reached a settlement in their bitter battle over control of the company. The two sides have agreed to keep most of the current Yahoo board on the ballot for re-election and to create three new board positions: one for Icahn and two for executives of his recommendation. The decision comes less than two weeks before Yahoo’s shareholder meeting, at which Icahn had previously hoped to replace the company’s entire leadership with a team of his own choosing. Now, the two sides will become one as they work to figure out their financial future.
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Icahn Jimmies Into Yahoo Boardroom
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