Yahoo management and Carl Icahn, the share holder who seeks to replace the entire Yahoo board because of the way Yahoo handled Microsoft bid for Yahoo has reached and agreement. The agreement expands Yahoo board from eight members to eleven members. The new board comprise of the existing eight Yahoo board members,  Mr Icahn and two of his nominees.
The agreement meant Mr Icahn will not seek to replace the entire Yahoo board as he threatens to do at next board meeting.

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Tags: Yahoo

Posted July 21st, 2008 at 11:31 pm in category Yahoo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.