Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, May 15, 2008

Icahn Seeks to Replace Yahoo Directors

As expected, Carl Icahn launched a proxy contest to replace all ten directors on the Yahoo board at its upcoming shareholders' meeting, saying that the current board has "acted irrationally and lost the faith of shareholders."  Among the nominees is Harvard Law Professor Lucian Bebchuk.  WSJ, Icahn Moves to Oust Yahoo Board.

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