Friday, May 23, 2008
Yahoo filed its preliminary proxy materials with the SEC on May 22, with nine of the current 10 directors up for re-election (one, Michael Kozel, has resigned), and postponed the date of the annual meeting from July 3 to the end of July, pending SECreview and clearance of the proxy materials. Talks continue between Microsoft and Yahoo over Microsoft's offer to acquire parts of Yahoo's business, which some see as an excuse to resume merger discussions. The Wall St. Journal explores the connections among the key players at both companies -- former employees of Donaldson Lufkin & Jenrette, friends of Carl Icahn, and directors of Berkshire Hathaway. WSJ, Yahoo, Microsoft and the Ties That Bind.