<p>Yahoo has confirmed that billionaire investor Carl Icahn has <a href="http://blog.searchenginewatch.com/blog/080515-094228">initiated a proxy fight</a> via an <a href="http://yhoo.client.shareholder.com/releases.cfm">open letter</a> to Yahoo's board of directors notifying them of his intention to replace the existing board with his own slate of directors.</p>

<p>The proposed board includes: Harvard Law Professor Lucian Bebchuk; Frank J. Biondi, Jr., senior managing director of WaterView Advisors; John Chapple, president of Hawkeye Investments; investor and NBA team owner Mark Cuban; Adam Dell, managing general partner of Impact Venture Partners; Carl Icahn; Keith Meister, principal executive officer and vice chairman of the board of Icahn Enterprises G.P.; Edward H. Meyer, chairman, CEO and chief investment officer of Ocean Road Advisors; private investor Brian S. Posner; and Robert Shaye, co-chairman and co-CEO of New Line Cinema.</p>

<p>The full text of Icahn's letter is after the jump.</p><p><i><b><a href="http://blog.searchenginewatch.com/blog/080515-114207">Click to read the rest of this post...</a></b></i></p><div class="feedflare">
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Read entire article: Yahoo Confirms Icahn Proxy Fight