TITLE

Yahoo to Voters: Wipe Out Icahn's Slate

AUTHOR(S)
Schachter, Ken
PUB. DATE
June 2008
SOURCE
Red Herring;6/26/2008, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the action taken by Yahoo to oppose the proxy challenge of billionaire Carl Icahn. In a letter sent by Yahoo to shareholders, Chairman Roy Bostock and Chief Executive Jerry Yang argued that after Yahoo rejected Microsoft's proposal to buy its search business and forged a search deal with Google, there was inadequate reason to support Icahn. Icahn also proposed to unseat Yahoo's incumbent board of directors after Yahoo announced a nonexclusive deal to outsource part of its search business to Google.
ACCESSION #
36826890

 

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