Yahoo has officially appointed Carl Icahn to its board of directors, and board member Robert Kotick has officially resigned. The moves were all part of a previously reached agreement by Yahoo and Icahn following months of drama resulting from an unsolicited bid by Microsoft to buy Yahoo.
But with the track record of Yahoo Chairman Roy Bostick, Yahoo CEO Jerry Yang, Icahn and Microsoft, this game is not nearly over. Instead, the first six months of 2008 were more like announcing the starting lineups at the NBA championships.
Or maybe an elementary schoolyard where the bullies are picking teams.
Either way, expect to see more posturing and smear campaigns, not unlike this year’s presidential election.
via Reuters