Carl Icahn is a rich man who holds 4,98% of the Yahoo stock. At the time of the crisis between Yahoo and Microsoft, this shareholder put all his weight on the side of a takeover by Microsoft so that he could make a lot of money.
Faced by the refusal of the Yahoo management o yield, he deposited a motion aiming at replacing all the board of directors.
Now a compromise has been found, taking out a thorn from the foot of the management and Icahn has withdrawn his motion. In exchange, he obtained a widening of the board on which two additional people will sit, who have been proposed by him.
Microsoft has now lost one of its heavy weight supporters.
[translation by crispin]
