September 24, 2017

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Yahoo Avoids Civil War with Restructured Board Agreement

Yahoo Avoids Civil War with Restructured Board Agreement

Yahoo has added Carl Icahn to its board of directors as part of an agreement to settle an ongoing dispute with the billionaire investor.   Icahn has been loudly unhappy with the company’s decision to reject a Microsoft buy-out attempt.

The agreement also calls for two additional board members, and the departure of Activision Blizzard CEO Robert Kotick. Former AOL CEO Jonathan Miller is widely expected to be one of the other two new board members.  The agreement puts an end to an effort to oust Yahoo CEO Jerry Yang, but still leaves the door open to sell to Microsoft.

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