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	<title>AllThingsD &#187; Adam Dell</title>
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		<title>Yahoo Annual Meeting Countdown (4 Days to Go!): Who Will Be the New Board Members?</title>
		<link>http://allthingsd.com/20080728/yahoo-annual-meeting-countdown-4-days-to-go-who-will-be-the-new-board-members/</link>
		<comments>http://allthingsd.com/20080728/yahoo-annual-meeting-countdown-4-days-to-go-who-will-be-the-new-board-members/#comments</comments>
		<pubDate>Mon, 28 Jul 2008 10:14:28 +0000</pubDate>
		<dc:creator>Kara Swisher</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Adam Dell]]></category>
		<category><![CDATA[board]]></category>
		<category><![CDATA[BoomTown]]></category>
		<category><![CDATA[Brian S. Posner]]></category>
		<category><![CDATA[Carl Icahn]]></category>
		<category><![CDATA[digital]]></category>
		<category><![CDATA[Edward H. Meyer]]></category>
		<category><![CDATA[fight]]></category>
		<category><![CDATA[Frank J. Biondi]]></category>
		<category><![CDATA[Grey Global]]></category>
		<category><![CDATA[Harvard]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Jerry Yang]]></category>
		<category><![CDATA[John H. Chapple]]></category>
		<category><![CDATA[Jon Miller]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[Keith A. Meister]]></category>
		<category><![CDATA[Lucian A. Bebchuk]]></category>
		<category><![CDATA[Mark Cuban]]></category>
		<category><![CDATA[Nextel]]></category>
		<category><![CDATA[proxy]]></category>
		<category><![CDATA[Sprint]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://kara.allthingsd.com/?p=2438</guid>
		<description><![CDATA[Well, it will not be nearly as interesting as it would have been had activist shareholder Carl Icahn been attacking full-throttle in a proxy fight.

But Yahoo's annual meeting on Friday will be more of a humdinger than usual.

So many moving parts, including who, who, who will Yahoo and Icahn decide on for the two other new board members besides Icahn?

Actually, BoomTown mostly wants to know who gets to sit next to Icahn at the first board meeting. I vote Yahoo CEO Jerry Yang!]]></description>
			<content:encoded><![CDATA[<p>Well, it will not be nearly as interesting as it would have been had activist shareholder Carl Icahn been attacking in a full-throttle proxy fight.</p>
<p>But Yahoo&#8217;s annual meeting on Friday will be more of a humdinger than usual (and BoomTown is all signed up to go and waiting for confirmation, after agreeing to a long fascist list of <em>no-you-can&#8217;ts</em> from Yahoo PR).</p>
<p><a href="http://kara.allthingsd.com/files/2008/07/icahn.jpg"><img src="http://kara.allthingsd.com/files/2008/07/icahn-260x300.jpg" alt="" title="icahn" width="230" height="270" class="alignright size-medium wp-image-2440" /></a></p>
<p>So many moving parts, including who, who, who will Yahoo (YHOO) and Icahn decide on for the two other board members to join besides Icahn (pictured here)?</p>
<p>Actually, I mostly want to know who gets to sit next to Icahn at the first board meeting. I vote Yahoo CEO Jerry Yang!</p>
<p>But I digress, let&#8217;s hazard a guess, shall we, of who the newbies will be?</p>
<p><span id="more-68382"></span></p>
<p>The Icahn slate includes: Lucian A. Bebchuk, Frank J. Biondi, Jr., John H. Chapple, Mark Cuban, Adam Dell, Keith A. Meister, Edward H. Meyer, and Brian S. Posner, as well as the late addition of former AOL (TWX) head Jon Miller.</p>
<p>Yahoo must consent to Icahn&#8217;s choices and don&#8217;t actually have to seat the new members until August 15. Sources said it is interviewing all the candidates right now.</p>
<p>Miller is obviously a shoo-in, given that Yang suggested him to Icahn. Icahn harbors hopes of Miller taking over from Yang (he has talked to a lot of folks about that, in fact!), so getting Miller on board is step one.</p>
<p><a href="http://kara.allthingsd.com/files/2008/07/mark-cuban-sirius.jpg"><img src="http://kara.allthingsd.com/files/2008/07/mark-cuban-sirius-242x300.jpg" alt="" title="mark-cuban-sirius" width="242" height="300" class="alignleft size-medium wp-image-2441" /></a></p>
<p>But Yang will surely deny everyone the <a href="http://kara.allthingsd.com/20080515/the-sweet-sweet-irony-of-mark-cuban-and-yahoo/">exquisite pleasure by picking Cuban</a> (pictured here), the former Broadcast.com honcho who got rich via a Yahoo acquisition in Web 1.0, never looked back and never ever said &#8220;Thanks!&#8221;</p>
<p>You can guess longtime Icahn cronies Biondi and Meister are unlikely, given that it would be like having Carl times two (although I am not completely ruling out the more media-experienced Biondi).</p>
<p>Meyer certainly has the advertising chops as former chairman and CEO of Grey Global, but he might be considered too old-school for Yahoo.</p>
<p>Investor Adam &#8220;Brother of Michael&#8221; Dell seems more of a long shot, although he is certainly not objectionable to Yahoo. But if the company is looking for experience in Yahoo&#8217;s businesses going forward, Yahoo might not consider Dell the strongest of the group.</p>
<p>Same for mutual fund star Posner. An obvious brainiac, but just knowing how to make money on Wall Street does not really make him an ideal person to be on the board of an Internet company.</p>
<p>Now, Bebchuk is indeed intriguing, given his Harvard law professor/shareholder activist background and his pay-for-performance clarion cry. But Yang and some other current board members, who have recently been dinged by some proxy-advisory services for too much compensation compared with their record, might not like having Bebchuk so close by.</p>
<p><a href="http://kara.allthingsd.com/files/2008/07/nextelpartners.jpg"><img src="http://kara.allthingsd.com/files/2008/07/nextelpartners.jpg" alt="" title="nextelpartners" width="150" height="201" class="alignright size-medium wp-image-2439" /></a></p>
<p>Thus, overall, from good-fit perspective, I like another former exec, John Chapple (pictured here) of Nextel best of all because mobile will be increasingly important to Yahoo in Web 3.0 (frankly, it better be, as Web 2.0 has not been too kind to Yahoo).</p>
<p>Via Sprint (S), Chapple knows from big mergers and he knows how to makes deals. He has been the operator of a digital company, unlike many of the others. And he is also an entrepreneur, which is a plus.</p>
<p>But whoever from the Icahn group gets the nod, one thing is certain: If they&#8217;re looking for friends on the old Yahoo board, they might want to get a dog instead.</p>
]]></content:encoded>
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		<title>Icahn&#039;t Has Yahoo&#8230;Or Can I?</title>
		<link>http://allthingsd.com/20080616/icahnt-has-yahoo/</link>
		<comments>http://allthingsd.com/20080616/icahnt-has-yahoo/#comments</comments>
		<pubDate>Mon, 16 Jun 2008 12:18:50 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Adam Dell]]></category>
		<category><![CDATA[board]]></category>
		<category><![CDATA[Carl Icahn]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[Edward Meyer]]></category>
		<category><![CDATA[Eric Jackson]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Jerry Yang]]></category>
		<category><![CDATA[John Chapple]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Lucian Bebchuk]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[proxy fight]]></category>
		<category><![CDATA[Roy Bostock]]></category>
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		<category><![CDATA[shares]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=2539</guid>
		<description><![CDATA[Carl Icahn has finally broken his silence. The outspoken billionaire investor who's been oddly quiet since Yahoo announced its advertising partnership with Google, finally commented on the deal this morning saying it "might have some merit."]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2008/06/icahn.jpg" alt="" title="icahn" width="200" height="204" class="alignright size-full wp-image-2540" />Carl Icahn has finally broken his silence. The outspoken billionaire investor, who&#8217;s been oddly quiet since Yahoo (YHOO) announced its advertising partnership with Google (GOOG), finally commented on the deal this morning, saying it &#8220;might have some merit.&#8221;</p>
<p>In a brief interview with Reuters, Icahn seemed oddly reserved for someone who, up until last week,  had always been ready <a href="http://digitaldaily.allthingsd.com/20080613/anything-to-add-carl/">with an unkind word and an outstretched middle finger for Yahoo and its fumbling leadership</a>. Apparently, holding 59 million shares in a company that&#8217;s somehow managed to undermine a merger deal with Microsoft (MSFT) that would have valued it at up to $47.5 billion has taken some of the spring out of his step. &#8220;While the Google deal is not the same as an offer of $34.375 per share for Yahoo, I am continuing to study it, and it might have some merit,&#8221; <a href="http://biz.yahoo.com/rb/080616/icahn_yahoo.html">Icahn said</a>. &#8220;I continue to be extremely disappointed with the Yahoo management, but the Google deal might have some merit and seems to be better than the alternative deal proposed by Microsoft.&#8221;</p>
<p>Icahn offered no comment on the future of his proxy fight for the company&#8217;s board, though one would imagine he must be having some second thoughts about it now that <a href="http://digitaldaily.allthingsd.com/20080612/gameover/">Microsoft has thrown up its hands in disgust</a> and has <a href="http://kara.allthingsd.com/20080613/microsofts-not-bluffing/">apparently walked away from the negotiating table for good</a>. And the &#8220;change of control&#8221; provisions that allow Google or Yahoo to terminate the partnership they&#8217;ve just inked in the event that a majority of Yahoo&#8217;s board is replaced at its upcoming annual shareholders meeting in August can&#8217;t be sitting well with him either.</p>
<p>But not to worry, <a href="http://voices.allthingsd.com/20070620/eric-jackson/">dissident Yahoo investor Eric Jackson</a> has a plan that may right the company and prevent its current proprietors from driving down its value once again. He&#8217;s urging fellow shareholders to vote for a board slate that includes four directors proposed by fellow activist Carl Icahn and five from Yahoo. &#8220;I want Icahn to win outright, but I am putting forward this &#8216;third option&#8217; because I fear several large investors will worry about the operational abilities of Icahn and his team,&#8221; Jackson wrote in <a href="http://www.thestreet.com/print/story/10421448.html">an essay entitled &#8220;Third Option for Yahoo.&#8221; </a></p>
<p>So who would Jackson like to see elected to Yahoo&#8217;s board? From Icahn&#8217;s slate he recommends Adam Dell, Lucian Bebchuk, John Chapple and Edward Meyer. And from Yahoo&#8217;s existing board Vyomesh Joshi, Robert Kotick, Maggie Wilderotter, Gary Wilson and Jerry Yang.</p>
<p><a href="http://digitaldaily.allthingsd.com/category/jerry-yang/">Jerry Yang? </a><em>Really</em>?</p>
<p>&#8220;Although I have been disappointed with the results of Jerry Yang&#8217;s tenure as CEO and hold him accountable for the poor outcome with Microsoft, I believe that&#8211;as a co-founder&#8211;he should remain on this board,&#8221; Jackson explained. &#8220;Whether or not he remains as CEO is something for the new board to determine. I frankly hold Mr. Bostock [Yahoo Chairman Roy Bostock] more responsible for the breakdown in talks with Microsoft. He supposedly has much more experience in such deal-making matters than Yang, and I find it puzzling that he would choose not to attend that fateful May 3 meeting in Seattle, which led to Microsoft finally pulling the plug on their offer.&#8221;</p>
]]></content:encoded>
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		<title>Icahn't Has Yahoo&#8230;Or Can I?</title>
		<link>http://allthingsd.com/20080616/icahnt-has-yahoo-2/</link>
		<comments>http://allthingsd.com/20080616/icahnt-has-yahoo-2/#comments</comments>
		<pubDate>Mon, 16 Jun 2008 12:18:50 +0000</pubDate>
		<dc:creator>John Paczkowski</dc:creator>
				<category><![CDATA[News]]></category>
		<category><![CDATA[Adam Dell]]></category>
		<category><![CDATA[board]]></category>
		<category><![CDATA[Carl Icahn]]></category>
		<category><![CDATA[directors]]></category>
		<category><![CDATA[Edward Meyer]]></category>
		<category><![CDATA[Eric Jackson]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[investor]]></category>
		<category><![CDATA[Jerry Yang]]></category>
		<category><![CDATA[John Chapple]]></category>
		<category><![CDATA[John Paczkowski]]></category>
		<category><![CDATA[Lucian Bebchuk]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[proxy fight]]></category>
		<category><![CDATA[Roy Bostock]]></category>
		<category><![CDATA[shareholders]]></category>
		<category><![CDATA[shares]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://digitaldaily.allthingsd.com/?p=2539</guid>
		<description><![CDATA[Carl Icahn has finally broken his silence. The outspoken billionaire investor who's been oddly quiet since Yahoo announced its advertising partnership with Google, finally commented on the deal this morning saying it "might have some merit."]]></description>
			<content:encoded><![CDATA[<p><img src="http://digitaldaily.allthingsd.com/files/2008/06/icahn.jpg" alt="" title="icahn" width="200" height="204" class="alignright size-full wp-image-2540" />Carl Icahn has finally broken his silence. The outspoken billionaire investor, who&#8217;s been oddly quiet since Yahoo (YHOO) announced its advertising partnership with Google (GOOG), finally commented on the deal this morning, saying it &#8220;might have some merit.&#8221;</p>
<p>In a brief interview with Reuters, Icahn seemed oddly reserved for someone who, up until last week,  had always been ready <a href="http://digitaldaily.allthingsd.com/20080613/anything-to-add-carl/">with an unkind word and an outstretched middle finger for Yahoo and its fumbling leadership</a>. Apparently, holding 59 million shares in a company that&#8217;s somehow managed to undermine a merger deal with Microsoft (MSFT) that would have valued it at up to $47.5 billion has taken some of the spring out of his step. &#8220;While the Google deal is not the same as an offer of $34.375 per share for Yahoo, I am continuing to study it, and it might have some merit,&#8221; <a href="http://biz.yahoo.com/rb/080616/icahn_yahoo.html">Icahn said</a>. &#8220;I continue to be extremely disappointed with the Yahoo management, but the Google deal might have some merit and seems to be better than the alternative deal proposed by Microsoft.&#8221;</p>
<p>Icahn offered no comment on the future of his proxy fight for the company&#8217;s board, though one would imagine he must be having some second thoughts about it now that <a href="http://digitaldaily.allthingsd.com/20080612/gameover/">Microsoft has thrown up its hands in disgust</a> and has <a href="http://kara.allthingsd.com/20080613/microsofts-not-bluffing/">apparently walked away from the negotiating table for good</a>. And the &#8220;change of control&#8221; provisions that allow Google or Yahoo to terminate the partnership they&#8217;ve just inked in the event that a majority of Yahoo&#8217;s board is replaced at its upcoming annual shareholders meeting in August can&#8217;t be sitting well with him either. </p>
<p>But not to worry, <a href="http://voices.allthingsd.com/20070620/eric-jackson/">dissident Yahoo investor Eric Jackson</a> has a plan that may right the company and prevent its current proprietors from driving down its value once again. He&#8217;s urging fellow shareholders to vote for a board slate that includes four directors proposed by fellow activist Carl Icahn and five from Yahoo. &#8220;I want Icahn to win outright, but I am putting forward this &#8216;third option&#8217; because I fear several large investors will worry about the operational abilities of Icahn and his team,&#8221; Jackson wrote in <a href="http://www.thestreet.com/print/story/10421448.html">an essay entitled &#8220;Third Option for Yahoo.&#8221; </a></p>
<p>So who would Jackson like to see elected to Yahoo&#8217;s board? From Icahn&#8217;s slate he recommends Adam Dell, Lucian Bebchuk, John Chapple and Edward Meyer. And from Yahoo&#8217;s existing board Vyomesh Joshi, Robert Kotick, Maggie Wilderotter, Gary Wilson and Jerry Yang.</p>
<p><a href="http://digitaldaily.allthingsd.com/category/jerry-yang/">Jerry Yang? </a><em>Really</em>? </p>
<p>&#8220;Although I have been disappointed with the results of Jerry Yang&#8217;s tenure as CEO and hold him accountable for the poor outcome with Microsoft, I believe that&#8211;as a co-founder&#8211;he should remain on this board,&#8221; Jackson explained. &#8220;Whether or not he remains as CEO is something for the new board to determine. I frankly hold Mr. Bostock [Yahoo Chairman Roy Bostock] more responsible for the breakdown in talks with Microsoft. He supposedly has much more experience in such deal-making matters than Yang, and I find it puzzling that he would choose not to attend that fateful May 3 meeting in Seattle, which led to Microsoft finally pulling the plug on their offer.&#8221;</p>
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