Yahoo Rounds Out Its Board With Icahn's Henchmen
After Icahn took his board seat following Yahoo’s shareholder meeting, the only question left was who would take the other two seats. One of them was initially reserved for former AOL CEO Jonathan Miller, until Time Warner pulled it out from under him. So the rest of Yahoo’s board chose Biondi and Chapple as the two least objectionable of Icahn’s henchmen. You really didn’t think they were going to vote for Mark Cuban, did you? Although, that would have been much more entertaining.
Now Icahn, Biondi, and Chapple (The Icahn Three?) can vote as a block, although they won’t be able to block anything outright on the 11-member board. But they are not there to block anything really. They are there to approve and encourage another deal that results in the sale of Yahoo.
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