Icahn launches Yahoo Proxy Contest

May 15 2008, 3:00am CDT | by Luigi Lugmayr

As already expected Billionaire invest Carl Icahn launching a proxy contest to unseat Yahoo Inc.'s board of directors according to the WSJ.

Mr. Icahn plans to nominate 10 directors to replace Yahoo's board before today Thursday. WSJ says that their source said Mr. Icahn's nominees will include former Viacom Inc. Chief Executive Frank Biondi, who has worked with Mr. Icahn on other proxy fights.
As reported Mr. Icahn has purchased 50 million Yahoo shares since Microsoft withdrew their offer to purchase the search company.

Mr. Icahn wants to push Yahoo back to negotiate with Microsoft again. Steve Ballmer sure has a big grin on his face observing Mr. Icahn's activities.
More details on the WSJ. Update: More details on the Proxy contest become available on WSJ.

Updates

JPMorgan board to shake up risk committee: WSJ

Source: Hartford Courant

(Reuters) - The board of JPMorgan Chase ...
Full article at: Hartford Courant More like this 8 hours ago

NASDAQ OMX board elects interim chairman

Source: Hartford Courant

NEW YORK (Reuters) - Nasdaq OMX said on Friday its board of directors elected BÃ¶rje Ekholm to serve as the interim chairman of the exchange operator, replacing Furlong Baldwin, who retired. Ekholm, chief executive of ...
Full article at: Hartford Courant More like this 9 hours ago, 6:40pm CDT

New iPad usage already exceeds original iPad

Source: IntoMobile

After two months on the market, usage for the new third-generation iPad has already surpassed usage on the original first-generation iPad released in April 2010, according to a report. Fast forward two months ...
Full article at: IntoMobile More like this 11 hours ago, 5:15pm CDT

where to buy

Buy from Amazon

Don't miss ...

Technology News

Solar Powered Clothing: The Future of Mobile Charging...

Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.