Jerry Yang’s Salary Is Only $1, But Icahn Still Wants His Head

by admin June 4, 2008 at 7:33 pm

June promises to be an interesting month for Yahoo. The company filed it’s proxy statement yesterday, setting the date for its annual shareholder meeting on August 1. Activist shareholder Carl Icahn, who has already proposed his own alternate slate of board members, is now also calling for CEO Jerry Yang’s head.

Icahn points to a recently unsealed complaint in a shareholder lawsuit that details the lengths Yahoo has gone to squirrel the deal with Microsoft.

He tells the NYT:

I don’t think anybody ever understood the magnitude of what Yahoo did to do avoid making a deal, In my opinion, you might have to get rid of Jerry and part of the board to bring back Microsoft.

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