Icahn Settles With Yahoo, Joins Board

Jul 21, 2008 at 12:36pm ET by Barry Schwartz

As Greg noted earlier, Carl Ichan was seeking control of Yahoo’s board. Instead, Yahoo and Ichan came up with a compromise, giving Ichan 3 of the 11 seats on Yahoo’s board.

Eight members of the board will stand for reelection, including Yang. Robert Kotick will not be up for reelection. The board will expand to 11 members, with the two remaining seats chosen by the board. The possible two seats will go to the list provided by Icahn. You can see all the buzz on this news at Techmeme.

Barry Schwartz is Search Engine Land's News Editor and owns RustyBrick, a NY based web consulting firm. He also runs Search Engine Roundtable, a popular search blog on very advanced SEM topics. Barry's personal blog is named Cartoon Barry and he can be followed on Twitter here.

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