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Icahn Edges Closer to Yahoo Control

I didn't see this coming. Yahoo has actually given in to corporate raider Carl Icahn, and is allowing him and two others of his choosing to join the Yahoo board. Icahn now controls three out of the 11 seats.

As owner of 5 percent of Yahoo shares, it makes sense to have Icahn on the board. Then again, he's actively trying to dismantle the company. If I were the Yahoo chairman, I'd treat Icahn like a Mexican jalapeno and steer clear!

Posted by Doug Barney on July 22, 2008


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