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Board Compromise Suggested For Yahoo

Four outsiders would join under plan

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[ Business]

A mix of old and new would take their seats on Yahoo’s board of directors if Eric Jackson has his way.

Yahoo’s annual meeting takes place on August 1, after months of the company being a fixture in the minds of its investors over an aborted takeover attempt by Microsoft and a subsequent partnership with Google on search advertising.

The battle for control of the company lined up as a choice of proxy cards for shareholders. Either keep the current group of directors in place, or opt for a new slate of directors proposed by investor Carl Icahn.

But Reuters noted a new option, albeit one that may be harder to accomplish. Jackson, who runs the Ironfire Capital hedge fund, thinks a mixture of old and new will be a worthy compromise.

Jackson’s slate includes Yahoo co-founder and current CEO Jerry Yang among the existing directors he would want retained on a new slate. Current chairman Roy Bostock is not in Jackson’s list.

Four Icahn slate nominees: Adam Dell, brother of PC magnate Michael, Edward Meyer, John Chapple, and Lucian Bebchuk, earned a place in Jackson’s choices. Even more attention to this group will happen on Tuesday, when Yahoo reports quarterly earnings after market close.

Board Compromise Suggested For Yahoo
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