Icahn joins Yahoo board as Kotick leaves, per deal

Wed Aug 6, 2008 12:37pm EDT
 
[-] Text [+]

SAN FRANCISCO, Aug 6 (Reuters) - Yahoo Inc's (YHOO.O) board has named billionaire investor Carl Icahn as a director, while board member Robert Kotick has tendered his resignation as part of a previously announced deal with Icahn, the company said on Wednesday.

In a filing with U.S. securities regulators, the Internet company said Kotick had resigned following the company's Aug. 1 annual shareholder meeting and that Icahn had been named under a settlement deal that averted a proxy battle with a rival slate of board candidates led by Icahn. (Reporting by Eric Auchard; editing by John Wallace)

 

Companies In This Article

Featured Broker sponsored link

Commentary

James Pethokoukis
Why Geithner will stay

One residual from Timothy Geithner's rough confirmation back in January -- "Turbo Tax Tim" and all that -- is that his political position is probably a bit more precarious than that of the typical newbie treasury secretary.  Blog