Gordon Crawford works with Capital Research and Management, and Capital Research and Management owns a 6.5 percent stake in Yahoo.  During the original dispute, Crawford indicated he was more likely to support Carl Icahn than Jerry Yang and Roy Bostock.

 Gordon Crawford

Now, as reported by the New York Post, Crawford “may yank support for the pair at Friday’s annual meeting, sources close to the fund manager said. . . . The move will be largely symbolic – shareholders won’t be able to vote out board members because of the now-settled proxy contest with Icahn – but it sends yet another signal to the market that Yahoo! shareholders are not happy.”

And the market – which has been pummeling Yahoo over the last six months and is sending the stock down again this morning – seems ready to respond to bad news.

We may not get to see a brawl between Yang and Icahn, then, but August 1st looks to remain an interesting and important day.

In the deep waters of high finance, a few really big sharks cruise in search of tasty critters to devour. A few, like Icahn, T. Boone Pickens, and now Crawford have broken the surface with their impressive dorsal fins to shatter the nerves around Yahoo’s Amity Island.

Jerry Yang will need a much bigger boat if, as All Things D observed, Capital Research Global Investors