Major Investor Backs Icahn’s Yahoo Plan

AllThingsD is reporting that Yahoo investor Gordon Crawford told Yahoo CEO Jerry Yang in a face-to-face meeting last week that he was seriously considering voting against Yahoo in the looming proxy fight. That puts Crawford on Microsoft’s—and, obviously, Icahn’s—side.

The report said that this means it doesn’t look good for Yahoo’s current board in the upcoming August 1st company meeting

Despite Yang’s attempts to defend the company’s current actions, “Crawford and his top analysts aggressively questioned Yang’s assertions and pressed him on Yahoo’s strategy going forward. And they indicated they had lost patience, as Yahoo shares have drifted downward in the wake of the collapse of Microsoft’s takeover attempt.”

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