Yahoo Compromises with Icahn, Repeats Must Buy Mantra
In anticipation of its upcoming annual meeting of stockholders, Yahoo settled with activist investor Carl Icahn after weeks of wrangling over a potential proxy battle
In anticipation of its upcoming annual meeting of stockholders, Yahoo settled with activist investor Carl Icahn after weeks of wrangling over a potential proxy battle
In anticipation of its upcoming annual meeting of stockholders, Yahoo settled with activist investor Carl Icahn after weeks of wrangling over a potential proxy battle. According to Yahoo, eight members of its current Board of Directors will stand for re-election, and Icahn agreed to withdraw his nominees for consideration at the meeting. He also said he will vote his Yahoo shares in support of the Board’s nominees.
“Following the 2008 annual meeting, the Yahoo Board will be expanded to 11 members. Carl Icahn will be appointed to the Board and the remaining two seats will be filled by the Board upon the recommendation of the Board’s Nominating and Governance Committee from a list of nine candidates recommended by Mr. Icahn,” according to a company statement.
Yahoo CEO Jerry Yang couldn’t pass up the opportunity to tout the firm’s goal to be the Web’s “starting point” and an advertiser “must buy.”
“This agreement will not only allow Yahoo to put the distraction of the proxy contest behind us, it will allow the Company to continue pursuing its strategy of being the starting point for Internet users and a must buy for advertisers,” he said in the statement.
Is anybody else getting tired of this mantra?
The thing is, Yahoo still has the Microsoft drama that started the Icahn subplot to deal with before it can truly focus on becoming the “starting point” and “must buy.”
More about:
Lucy helps organizations leverage knowledge for in... View Tech Talk
TVSquared is the global leader in cross-platform T... View Tech Talk
Grata is a B2B search engine for discovering small... View Tech Talk
Streaming has become a staple of US media-viewing ... Download Now
Data is the lifeblood of so many companies today. ... Download Now
This report documents the findings of a Fireside c... Download Now
Customers decide fast, influenced by only 2.5 touc... Download Now
Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...
View resourceData is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...
View resourceThis report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...
View resourceCustomers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceMarketers today need to thoughtfully select visuals that align with their content, boost SEO performance and drive ROI Read More...
View articleHow the sunglasses giant created subconscious brand recall value with music festival-goers through the power of strategic partnerships and experientia...
View articleIn life, as much as on LinkedIn (or Facebook, Twitter, etc.) people and brands who blabber on about themselves become annoying and best avoided, soone...
View articleBuilding trust in your brand is hard enough. Now take a situation where your audience is so cynical of your product offering some of them even call fo...
View articleThere is room for better lead capturing as ABM evolves in a cookieless world Read More...
View articleTop-of-mind action points that will be valuable to challenger brand marketing for the rest of 2021 and 2022 Read More...
View articleOmnichannel marketing presents an opportunity to marketers but requires better use of data Read More...
View articleThe dark horse your business needs to outperform competition and win at search Read More...
View article