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Thread: Should Jerry Yang "free" Yahoo!?
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[quote=MARRIE,304396]Icahn and other major shareholder like capital research decided to purge current board members in the coming proxy meeting, the reason apparently is that they have no potential to earn more stakes for yahoo for the long run. That is totally market driven or benefits driven. Jerry Yang is a talented young programmer but better retire from current office as he functions a public corp by way of running a limited partnership or private corp. Yang could 'free' Yahoo if he got a good deal because he has 3.9% of Yahoo ownership. As board member (is he?) and a major share holder, he should have been stay away from senior management to avoid conflicts of interest. I think Icahn and other major holders will employ more outsider board members to monitor senior mgt and hire more expensive senior mgt of high quality. Heard Yang's salary is only 1$, no wonder he would take most advangate of his current 3.9% ownership for best bid price then OUT.[/quote]
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