Valleywag
After acquiring 3.5 percent of Yahoo in the week after merger negotiations fell through with Microsoft, corporate raider Carl Icahn will move forward with a plan to replace the company's board with directors expected to be friendly to resuming negotiations. Icahn could announce the alternative slate as early as tonight, Reuters reports, citing sources familiar with the matter. Which means the Wall Street Journal could run a widely expected hit piece on Yahoo CEO Jerry Yang as soon as tomorrow.
Reuters: Icahn will announce 12 candidates to replace Yahoo's board
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3:20 PM on Wed May 14 2008
By Nicholas Carlson
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