Yahoo Finally Flexes Some Muscle in Proxy Fight

Yahoo has finally decided to show it is not going to roll over in it’s proxy fight with Carl Icahn. Right on it’s home page, they have a link to a page bringing more attention to this proxy battle. Yahoo’s home page is one of the most viewed pages on the entire web. It’s trying to inform the stockholders and general public who aren’t familiar with what is going on about how Icahn is trying to oust the current board.

Personally, it was a massive mistake for Yahoo to walk away from Microsoft’s $33 a share offer despite the fact Yahoo is a completely different corporate culture than Microsoft. I do think they will be able to convince enough stockholders to stop Icahn.

Yahoo! Stockholder Information.

This entry was posted on July 18, 2008. It is Filed under: Tech

Stumble it!