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Yahoo Postpones Board Meeting
Friday, May 23, 2008
By bMighty.com Staff
Yahoo has pushed back the date for its annual shareholders meeting, now "expected to be around the end of July 2008," according to paperwork filed with the SEC.
On Thursday Yahoo nominated the remaining nine of its directors for re-election to the company's board, one week after billionaire investor Carl Icahn nominated his own slate of directors with the intent of negotiating a merger with Microsoft, "something that in my opinion the current board has completely botched," he said.
Yahoo did not give a reason for postponing the meeting, which was scheduled for July 3 and was when its current board --now minus one -- was up for re-election. Longtime board member Edward Kozel resigned to "focus on personal matters," though at least one analyst speculates the departure is a sign of dissent among the board, which has been under scrutiny for not cutting a deal with Microsoft.
On Thursday Yahoo nominated the remaining nine of its directors for re-election to the company's board, one week after billionaire investor Carl Icahn nominated his own slate of directors with the intent of negotiating a merger with Microsoft, "something that in my opinion the current board has completely botched," he said.
Source(s): Forbes
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