SHOCKER! Yahoo Board Recommends Against Icahn Board Slate

Yahoo’s board has–surprise!–advised shareholders to reject the slate of dissident directors put forward by billionaire investor-agitator Carl Icahn. “We do not believe that election of the Icahn Entities’ nominees to our Board of Directors is in the best interests of our stockholders,” Yahoo (YHOO) said in a preliminary proxy statement filed with the Securities and Exchange Commission this afternoon.