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	<title>WebProNews &#187; Ed Kozel</title>
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		<title>Yahoo Director Departs Amid Current Chaos</title>
		<link>http://www.webpronews.com/yahoo-director-departs-amid-current-chaos-2008-05</link>
		<comments>http://www.webpronews.com/yahoo-director-departs-amid-current-chaos-2008-05#comments</comments>
		<pubDate>Fri, 23 May 2008 11:27:32 +0000</pubDate>
		<dc:creator>WebProNews Staff</dc:creator>
				<category><![CDATA[Search]]></category>
		<category><![CDATA[Deals]]></category>
		<category><![CDATA[Ed Kozel]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Yahoo]]></category>

		<guid isPermaLink="false">http://www.webpronews.com/?p=45580</guid>
		<description><![CDATA[A seat opened up on Yahoo's board of directors as the company revealed Ed Kozel decided to hit the eject button.
]]></description>
			<content:encoded><![CDATA[<p>A seat opened up on Yahoo&#8217;s board of directors as the company revealed Ed Kozel decided to hit the eject button.<br />
<span id="more-45580"></span>
<p>
One person won&#8217;t be sticking around to help Jerry Yang and Yahoo deal with Carl Icahn&#8217;s proxy fight to dump Yahoo&#8217;s board in favor of a more Microsoft-friendly group. Kozel ended his nearly eight year stay on the board  with his resignation yesterday.</p>
<p>
<a href=http://www.paidcontent.org/entry/419-yahoo-director-ed-kozel-resigns/>PaidContent</a> said Kozel stated a desire to spend more time with family as a reason for exiting. Microsoft&#8217;s takeover efforts and the subsequent bid by Icahn for control of Yahoo delayed what would have been an earlier departure for him.</p>
<p>
The pertinent <a href=http://www.sec.gov/Archives/edgar/data/1011006/000089161808000284/f41093e8vk.htm>8-K filing</a> about the change said Kozel had planned to leave the board back in February. He intends to relocate his family to Europe.</p>
<p>
Yahoo also moved to reduce its 10-person board of directors down to 9 with Kozel&#8217;s exit. Icahn will have to remove someone from his nominated slate of directors to match Yahoo&#8217;s update.</p>
<p>
The entire Yahoo kerfuffle still includes negotiations between the company and Microsoft, but not for a wholesale takeover of Yahoo at this point. Instead, Microsoft would like to pick up Yahoo&#8217;s search and contextual ad businesses.</p>
<p>
<a href=http://kara.allthingsd.com/20080522/yang-gets-adult-supervision-at-microsoft-meetings/>All Things D</a> said the discussions with Microsoft should have an element of &#8220;adult supervision&#8221; going forward. Displeased, substantial institutional investors wanted a deal with Microsoft and were not happy with a hefty premium for Yahoo evaporating before their eyes.</p>
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