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Carl Icahn to be appointed to Yahoo! board

Published on Mon, Jul 21, 2008 at 17:45 , Updated at Mon, Jul 21, 2008 at 19:08
Source : CNBC-TV18

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The Yahoo! board has reached to an agreement with investor Carl Icahn to settle the proxy contest. Icahn will be appointed to the Yahoo! board. The board will expand to 11 members after the August 1 annual meet. Icahn will withdraw board nominees and will recommend nine members.

According to Icahn, sale of company and search operations must be given full consideration. He will work with the management and the board to achieve full potential.

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