The Yahoo shareholder meeting has come and gone without much fanfare, thanks to the settlement between the Yahoo board and Carl Icahn to keep the current board but expand it by 3 seats post-meeting. But there are a few interesting tidbits you’ll want to know.
Firstly, TimeWarner has stepped in to prevent Jonathan Miller from joining the expanded Yahoo board. Yahoo had requested that Miller be placed on a list created by Carl Icahn for 2 of the expanded seats, the other one taken by Icahn of course. TimeWarner says Miller is under a no-compete contract with AOL.
And even though the current board was re-elected, that doesn’t mean shareholders have been appeased. Many are still furious with Yang and the gang for turning down Microsoft’s sweet $33 per share deal. The stock, once up in the high 20’s has gone back down to the $19-20 level, where it was when Microsoft initially made its offer.
But will the offer be as sweet? Tell us your predictions for the Microsoft-Yahoo saga in the comments.