Yahoo: Can Icahn Get MSFT Back to the Table?

So here’s the basic conundrum in this whole concept of Carl Icahn launching a proxy contest for Yahoo (YHOO): What’s the point unless he can get Microsoft (MSFT) to launch a new bid?

It is certainly possible that institutional investors are sufficiently irritated at Yahoo CEO Jerry Yang and the company’s board that they might want to oust some or all of the directors. But to what end?

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