Monday, July 7, 2008
Major Yahoo Investor Leans Toward Backing Carl Icahn Too
Microsoft’s not the only one backing billionaire investor Carl Icahn in his quest to unseat Yahoo’s leadership and board–major Yahoo investor Gordon Crawford told Yahoo CEO Jerry Yang in a face-to-face meeting last week that he was seriously considering voting against Yahoo in the looming proxy fight.
The troubled meeting that took place last Tuesday in Los Angeles between Capital Research Global Investors’ Crawford and Yang–accompanied by three Yahoo board members–could be seen as a portent of what is to come at the company’s annual meeting on August 1.
And those signs are definitely not good for Yahoo’s current leaders.
