Today is D-Day for Yahoo’s current board—and Carl Icahn is nowhere to be found. The Associated Press reports that Yahoo shareholders are finally getting their chance today to challenge the company’s management over its handling of a $47.5 billion takeover bid from Microsoft Corp.
The article said that Yahoo Chairman Roy Bostock began by greeting investors at the Internet company’s long-awaited annual meeting Friday. “The atmosphere is expected to become tense as Bostock and Yahoo CEO Jerry Yang begin fielding questions from shareholders.”
Meanwhile, a separate AP report said that “nettlesome investor” Carl Icahn has “piped down and won’t even be at the Internet company’s annual meeting Friday,” despite the fact that he’s going to join the board next week. The plot thickens.
(Image credit: Reuters)