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Yahoo Appoints Icahn to Board; Control Crisis Averted

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Old 07-21-2008
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Yahoo Appoints Icahn to Board; Control Crisis Averted
Last week Yahoo was complaining that Carl Icahn had no clue about their business, today he is the latest member of their board -- such is life in the fast lane of high-stakes proxy wars. In a bid to avert an even uglier fight for control the two sides agreed to seat Icahn and two of his hand-picked candidates; eight existing members will seek re-election.

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