Icahn’s Meyer, Biondi Seem Bound For Yahoo’s Board
The Microsoft-Icahn-Yahoo mess has mostly blown over, but as things stand, two seats on Yahoo’s board are still empty. A new report indicates that Edward Meyer and Frank J. Biondi, Jr. are the two men most likely to fill them on Friday.
Carl Icahn first named Meyer and Biondi in May as part of a slate that would have replaced Yahoo’s entire board, and the choice about who will get to step forward remains his. Kara Swisher referred to "several sources with knowledge of the situation" when pointing to them earlier today.
The men appear to be uncontroversial picks. Meyer attended Cornell and has worked with Ocean Road Advisors, Grey Global Group, Harman International Industries, Ethan Allen Interiors, National CineMedia, and NRDC Acquisition Corp.
Biondi went to Princeton and Harvard and has ties to WaterView Advisors, Universal Studios, Viacom, Amgen, Cablevision, Hasbro, The Bank of New York Mellon, and Seagate Technology.
They lack search experience, obviously, but must have an understanding of advertising. And unlike Mark Cuban (who was also on Icahn’s original list), they don’t have any history with Yahoo, which should make them more objective.
Yahoo’s up about 1.38 percent while both the Dow and Nasdaq are down, so investors seem to approve.