InternetYahoo Fills Out Board of Directors
Biondi, Chapple to join Icahn on embattled Web pioneer's remade board.
Another chapter in a tumultuous year for Yahoo has come to an end, as the portal giant solidified its board of directors with the appointment of two members from activist investor Carl Icahn's hand-picked list. Yahoo today named Frank Biondi and John Chapple to its board, filling out a roster of 11 directors. The expansion was the product of a compromise with Icahn, who had been agitating to oust the entire board. Under that agreement, Icahn took a spot for himself, and Yahoo agreed to give two seats to members of his choosing, giving the activist investor a fair-sized foothold into the company's decision-making process. While many of Yahoo's shareholders had been upset with the way the company handled the stop-start acquisition talks with Microsoft, Icahn admitted that in the end, he didn't have the votes for a wholesale ouster. With Biondi and Chapple now joining him on Yahoo's board, however, Icahn, who has said that he still believes a sale of Yahoo or its search business "must be given full consideration," expects to be in a strong position to weigh in on any possible transaction. RELATED ARTICLES Icahn Prepares for War With Yahoo Yahoo Board Faces Down Critics New Yahoo Election Tally Reveals Big Protest Vote Icahn Pushes, Again, to Put Yahoo Back in Play Microsoft, Yahoo Square Off Before Senate Panel For more stories on this topic: Biondi is the former head of Universal Studios and Viacom. Chapple... [ Read more on www.internetnews.com ]
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